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Citi Joins Coinbase's Stablecoin Rails
Citi and Coinbase Partner on Stablecoin Payment Rails for Corporate and Institutional Clients
Citigroup and Coinbase announced a partnership letting Citi's corporate and institutional clients accept stablecoin payments, with Coinbase handling conversion so clients never hold crypto, per Bloomberg, Reuters and the WSJ. Coverage describes USDC rails embedding into Citi's existing merchant and payment infrastructure. Coinbase stock rose on analyst upgrades. The deal follows Coinbase's September agreements with Moov and Stablecore, which reach over 4,000 community and regional institutions.
Related storylines
- Coinbase stablecoin bank pushCoinbase embedding stablecoin payment rails into US banks
10 sources
- REUTERS: Citi & Coinbase Expand Collaboration To Connect Digital And Fiat Payments For Corporations,Consumers · view.tree.news · T2
- Citi to Offer Stablecoin Checkout for Corporate Clients, With Coinbase Handling the Conversion · unchainedcrypto.com · T2
- BARRONS: Citigroup Partners With Coinbase for Stablecoin Payments · barrons.com · T2
- Banking Giant Citigroup Taps Coinbase for Crypto Expansion · u.today · T2
- Citi Clients Can Now Take Stablecoin Payments Through Coinbase—Without Touching Crypto · decrypt.co · T1
- WSJ: Citi Expands Digital-Assets Footprint With Coinbase Partnership · view.tree.news · T2
- Coinbase (COIN) Stock Climbs as Citigroup Partnership Drives Analyst Upgrades · blockonomi.com · T2
- 花旗与Coinbase合作为机构客户提供稳定币支付服务 · panewslab.com · T2
- BLOOMBERG: Citi Teams Up With Coinbase to Let Merchants Accept Stablecoins · bloomberg.com · T2
- Citi and Coinbase Working Together To Build Stablecoin Infrastructure for Businesses · bitcoinmagazine.com · T1