Citi Clients Can Now Take Stablecoin Payments Through Coinbase—Without Touching Crypto
60-second summary
Citi’s institutional clients now receive stablecoin payments through Coinbase, while Coinbase business accounts operate on Citi’s banking rails, expanding their existing partnership. The arrangement lets firms settle in US‑dollar‑pegged tokens without converting to crypto, streamlining treasury workflows and reducing friction. This integration signals growing mainstream acceptance of stablecoins, potentially boosting demand for digital‑currency settlement services across the financial industry.
Coinbase and Citi expanded an existing deal so Citi's institutional clients can accept stablecoin payments, while Coinbase business accounts run on Citi's banking rails.