Citi Clients Can Now Take Stablecoin Payments Through Coinbase—Without Touching Crypto
Summary
Coinbase and Citi expanded their partnership to let Citi’s institutional clients accept stablecoin payments without holding crypto directly. Coinbase’s payments rails now connect to Citi’s Spring merchant platform, so Coinbase converts stablecoins to fiat while Citi settles as bank of record. In the other direction, Citi’s Virtual Account Wallet powers Coinbase Virtual Accounts, letting businesses accept fiat that is automatically converted into stablecoins for holding and transfers. Both services launch first in the U.S., with more features planned soon. The move builds on their earlier fiat on/off-ramp collaboration and reflects Citi’s growing push into digital assets.
