Citi and Coinbase Team Up on Stablecoin Payments

Citi Bank has partnered with Coinbase to enable stablecoin payments for its large corporate clients. This partnership allows Citi's institutional customers to accept stablecoins through the bank's merchant-processing services.

The arrangement brings stablecoins into Citi's existing merchant-payment infrastructure, giving eligible corporate clients a way to receive digital-dollar payments alongside traditional payment methods.

Coinbase provides the cryptocurrency infrastructure required to process stablecoin transactions. The partnership reflects the growing interaction between established financial institutions and cryptocurrency companies as banks explore ways to support digital-asset transactions for corporate customers.