Coinbase manages the blockchain rails and conversion process while Citi settles the funds as the bank of record. This expansion of their partnership integrates stablecoins into bank-grade regulated infrastructure, complementing Citi's expansion of Token Services to Japan and the UAE to reach 7 jurisdictions. Additionally, some cash converted to USDC on the Coinbase platform earns up to 3.75% in annual rewards.
Tuesday, October 20, 2026
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Citi and Coinbase Add Stablecoin Payment Tools for Institutional Clients
Crypto22 days ago
Large corporate customers can now use 'Spring by Citi' to accept digital asset payments that are automatically converted into fiat currency at checkout. Through a parallel rollout of 'Coinbase Virtual Accounts,' businesses can also automate the conversion of traditional currency into stablecoins to hold or move via the bank's financial infrastructure.
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