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.
- Citi and Coinbase have expanded their partnership, allowing Citi's institutional clients to accept stablecoin payments without directly handling crypto.
- Coinbase's payment infrastructure now integrates with Citi's platform, enabling seamless stablecoin acceptance and conversion to fiat.
- This collaboration aims to bridge traditional finance and the digital asset economy, facilitating everyday commerce with stablecoins.
Topics: Institutional adoption, Payment system integration, Blockchain usage, Banking depository pilots, Payment network integration, Stablecoin payments remittances, Cross border settlement, Ethereum evm l 1 s
Tags: #citi #coinbase #stablecoin #institutionalclients #payments #bankingrails #digitalassets #fiatconversion #layer2