Citi and Coinbase Make Stablecoins Invisible for Businesses

Citi and Coinbase have partnered to make stablecoins invisible for business clients. The partnership allows companies that bank with Citi to accept payments in stablecoins without having to learn anything about crypto or manage wallets.

The process works behind the scenes, where Coinbase converts stablecoins into dollars, and Citi deposits the money as usual. This makes it seamless for customers to receive payments in the form they're used to.

Coinbase says over 150 million people worldwide hold stablecoins, and this partnership will enable companies to accept money from them without joining the crypto world.