Citi and Coinbase Expand Stablecoin Payment Plans
Citi and Coinbase are working together to help institutional clients move between fiat and digital assets for payments, with an initial focus on fiat on-ramps and off-ramps.
The collaboration combines Citi’s payments network across 94 markets and more than 300 clearing systems with Coinbase’s digital asset infrastructure, while the companies explore stablecoin-based payment solutions and 24/7 digital asset transfers.
Citi has separately projected that global stablecoin issuance could reach $1.9 trillion by 2030 in its base case.
Citi and Coinbase are working together to help institutional clients move between fiat and digital assets for payments, with an initial focus on fiat on-ramps and off-ramps.
The collaboration combines Citi’s payments network across 94 markets and more than 300 clearing systems with Coinbase’s digital asset infrastructure, while the companies explore stablecoin-based payment solutions and 24/7 digital asset transfers.
Citi has separately projected that global stablecoin issuance could reach $1.9 trillion by 2030 in its base case.
