Coinbase powers Citi’s new stablecoin rails, and corporate banking faces a major shift
Summary
Coinbase said Citi institutional clients can now accept stablecoin payments through Spring by Citi, using Coinbase’s payment infrastructure. Separately, Coinbase Virtual Accounts, powered by Citi’s Virtual Account Wallet, can automatically convert incoming fiat into stablecoins. The two services cover distinct payment flows and customer groups. Coinbase did not disclose eligible currencies or stablecoins, pricing, market availability, transaction volumes, or named customers using either service. The capabilities build on a digital-asset payments partnership announced in October 2025.
