Citigroup collaborates with Coinbase to explore stablecoin payments
Crypto Briefing
Citigroup and Coinbase are partnering to explore using stablecoins for institutional cross-border and enterprise payment solutions.Summary
Citigroup, a major US bank, has partnered with Coinbase, a leading crypto exchange, to investigate stablecoin payment solutions specifically for institutional clients. This collaboration intends to utilize stablecoins—digital assets pegged to fiat currencies—to improve the efficiency of cross-border and enterprise payment systems. This move aligns with a broader trend, as Citi Ventures has also invested in stablecoin infrastructure provider BVNK, and major enterprises are increasingly working with Coinbase to integrate stablecoins into their B2B invoicing and execution processes.
(Source：Crypto Briefing)