Citigroup collaborates with Coinbase to explore stablecoin payments

Key Takeaways

• Citigroup, a major US bank, and Coinbase, a leading crypto exchange, are collaborating to explore stablecoin payment solutions for institutional clients.
• The initiative aims to leverage stablecoins to enhance cross-border and enterprise payment systems, making transactions more efficient.

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Citigroup, a major US bank, has partnered with Coinbase, a leading crypto exchange platform, to explore stablecoin payment solutions for institutional clients.

The collaboration aims to leverage stablecoins, digital assets pegged to fiat currencies, for enhanced cross-border and enterprise payment systems.

Citi Ventures has backed BVNK, a stablecoin infrastructure provider focused on digital payments, signaling the bank’s growing interest in collaborating with crypto firms for transaction services.

Major enterprises are working with Coinbase to incorporate stablecoins into B2B invoicing and execution processes, highlighting a shift toward digital currency solutions in corporate finance.