In brief
- Citi’s institutional clients can now accept stablecoin payments through Spring by Citi, with Coinbase converting the tokens to fiat and Citi settling the funds.
- Coinbase is using Citi’s Virtual Account Wallet to power Coinbase Virtual Accounts, which automatically convert incoming fiat into stablecoins.
- Both features launch first in the U.S. The deal builds on a partnership the firms announced in October 2025.
Big businesses banking with Citi can now let customers pay in stablecoins without ever holding the tokens themselves.
Coinbase said Monday it has deepened its previously announced deal with the Wall Street bank on two fronts. First, Coinbase’s payments infrastructure now plugs into Spring by Citi, the bank’s merchant…
