Citi partners with Coinbase for corporate stablecoin payments

Citi is partnering with Coinbase to help its large corporate clients accept stablecoin payments from customers, per the Wall Street Journal. The deal gives Citi's corporate banking clients a way to receive stablecoin-based transactions through Coinbase's infrastructure, bridging traditional corporate treasury operations with onchain settlement rails.

The partnership is the latest sign of major banks building stablecoin acceptance into their corporate services, following similar moves by other global lenders to integrate crypto payment channels for business clients.

• No further details on scope, supported stablecoins or rollout timeline were disclosed in the initial report.