Citi and Coinbase Expand Partnership to Enable Stablecoin Payments for Businesses
Citi and Coinbase launch new payment tools
Citi is expanding its partnership with Coinbase to help corporate clients process payments using stablecoins. Stablecoins are digital currencies designed to maintain a steady value, often pegged to the US dollar. The new services allow businesses to accept these digital payments while automatically converting them into traditional money (fiat) for settlement.
The collaboration builds on an initial agreement announced in October 2025. The updated initiative focuses on providing infrastructure that connects standard bank transfers with digital asset transactions.
How the new systems work
- Coinbase will use Citi's "Virtual Account Wallet" to manage customer accounts. This allows users to accept, hold, and send fiat currency while automatically turning incoming funds into stablecoins.
- Citi's institutional clients can use the "Spring by Citi" platform to receive stablecoin payments. Coinbase handles the underlying digital transfer and converts the assets back into fiat currency for the client.
- The services are launching first in the United States.
- Merchants do not need to hold or manage digital assets directly to use these features.
Statements from company leaders
Debopama Sen, Citi's head of payments, stated in a press release that clients face a fast-paced global economy. She said the goal is to build payment infrastructure that works seamlessly across both traditional and digital networks.
In October 2025, Coinbase CEO Brian Armstrong commented on the partnership, noting that crypto and stablecoins are tools intended to update the global financial system. He expressed excitement about working with Citi to improve the use of stablecoins.
Background of the collaboration
Last year, the cryptocurrency exchange and the banking giant began exploring ways to improve digital payment initiatives. This included looking at stablecoin payouts for banks and institutional clients.
Source
Newisty Editorial Team covers technology, cryptocurrency, digital products, online platforms, developer tools and the wider digital economy. Our content is researched from official sources, company announcements, public documentation, market data and other primary or reputable sources. Articles are reviewed and edited before publication for clarity, accuracy and useful context.