Coinbase partners with Citi on institutional stablecoin payments

Coinbase announced a partnership with Citi to bring stablecoins into the mainstream banking system, enabling instant stablecoin acceptance for institutions on what it calls bank-grade, regulated infrastructure. The exchange framed the move as "the next step for stablecoins becoming everyday money," extending its stablecoin rails beyond community banks into one of the world's largest commercial banks. Coinbase amplified the news by reposting Emilie Choi's message: "Institutions want stablecoins. One of the world's largest banks is helping us deliver them."

• Builds on Coinbase's pattern of stablecoin partnerships, following similar deals with Moov and Stablecore for community banks
• Reported to give Citi's corporate clients stablecoin acceptance through its merchant-processing services, with fiat-to-stablecoin ramp work underway