Citi and Coinbase Unite for Corporate Stablecoin Payments

Citi is partnering with Coinbase to allow its corporate clients to accept stablecoin payments through Spring by Citi, without having to manage digital assets directly.

The partnership connects blockchain payment rails with Citi's traditional banking infrastructure. Under the arrangement, Coinbase will handle stablecoin transactions and automatically convert received stablecoins into fiat, while Citi will settle the proceeds as the bank of record.

This structure allows merchants to accept digital-asset payments without directly holding or managing stablecoins, maintaining familiar fiat settlement processes while customers gain another payment option.