Citi Partners With Coinbase to Enable Stablecoin Payments

Citigroup has partnered with Coinbase to enable stablecoin payments for institutional clients. Citi’s corporate customers will be able to accept stablecoins through its merchant-processing services, convert fiat into crypto or stablecoins, make on-chain payments, and convert funds back to fiat. Citi operates across 94 markets and more than 300 clearing systems, while Coinbase has about an undisclosed number of users.