Citi and Coinbase Team Up for Stablecoin Payments Infrastructure

Citi, one of the world's leading financial institutions, has partnered with Coinbase to develop and implement stablecoin payments. This move enables Citi's corporate clients to accept stablecoin transfers from customers, making it easier for businesses to receive international payments.

The partnership will provide infrastructure that allows the exchange to convert funds between fiat currencies and USDC (USD Coin), a popular stablecoin. The integration of this solution into Citi's global payment network is planned for the future.