Citi and Coinbase Unlock Seamless Stablecoin Payments for Institutional Clients
Citi's institutional clients can now receive stablecoin payments through Spring by Citi using Coinbase's payments infrastructure. This development comes as part of a major shift in corporate banking, with the two companies expanding their partnership to enable seamless digital asset transactions.
According to Coinbase, its Virtual Accounts can automatically convert incoming fiat into stablecoins using Citi's Virtual Account Wallet. This means that customers can receive traditional currency payments and have them converted into stablecoins in their account.
The partnership between Citi and Coinbase has been developing since October 2025, when the two companies announced plans to develop institutional digital asset payment capabilities. The latest development is a significant step forward in this effort, enabling institutions to accept stablecoin payments through Spring by Citi and facilitating the conversion of fiat receipts into stablecoins.