Coinbase and Citigroup Deepen Stablecoin Payments Partnership

Coinbase Global has strengthened its partnership with Citigroup to scale stablecoin payments. The collaboration underscores the growing shift of stablecoins from a crypto-native product toward mainstream institutional payments infrastructure.

Under the agreement, Citi's institutional clients can accept stablecoin payments through Spring by Citi, while Coinbase provides the underlying digital-asset rails and automatically converts stablecoins into fiat for settlement by Citi as the bank of record. The partnership also extends to Coinbase Virtual Accounts, which use Citi’s Virtual Account Wallet infrastructure.

This arrangement builds on the companies' October 2025 collaboration focused on fiat-to-crypto payment infrastructure. Strategically, the partnership strengthens Coinbase's position at the intersection of traditional finance and blockchain-based payments.