Citi and Coinbase have entered into a partnership to provide stablecoin payment solutions for Citi’s institutional clients, leveraging Coinbase’s on‑ and off‑ramp infrastructure and Citi’s global payments network.
The first phase will enable seamless conversion between fiat and stablecoins, with 24/7 settlement and payment orchestration. Specific initiatives, such as alternative fiat‑to‑onchain stablecoin payout methods, will be announced in the coming months.
The collaboration follows the passage of the U.S. GENIUS Act, which establishes a regulatory framework for stablecoins that will take effect in early 2027, positioning the partnership to capitalize on the emerging regulatory environment.
Citi’s existing digital asset initiatives, including Citi® Token Services and 24/7 USD Clearing, provide a foundation for the partnership, while Coinbase’s “Crypto as a Service” strategy expands its infrastructure to other financial institutions. Debopama Sen, Head of Payments Services at Citi, said the partnership will “accelerate the adoption of digital asset payments among our clients.” Brian Foster, Global Head of Crypto as a Service at Coinbase, added that the deal “reinforces our mission to make digital assets a trusted and integral part of the global economy.”
The partnership is expected to open new revenue streams for both firms and accelerate the adoption of digital asset payments among Citi’s large client base.
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