Citi & Coinbase Join Forces for Institutional Digital Asset Payments

Citigroup and Coinbase have entered a strategic partnership to power institutional digital asset payments. This collaboration will initially focus on fiat pay-ins/pay-outs and payment orchestration via Coinbase’s on/off-ramp infrastructure, streamlining transactions between traditional finance (TradFi) and the digital economy for Citi’s global clientele. Plans are underway to explore stablecoin payout options and enhance 24/7 cross-border payment efficiency. This alliance marks a significant step in connecting traditional financial institutions with the digital asset landscape.