Citi and Coinbase Partner to Expand Digital Asset Payments

Citi and Coinbase have partnered to enhance digital asset payment capabilities for Citi's institutional clients, starting with supporting Coinbase's on-ramps and off-ramps for converting fiat to crypto and vice versa. Citi views this as extending its global payment network, while Coinbase leverages Citi's payment expertise. This move aligns with Citi's broader digital asset strategy, which includes launching crypto custody services in 2026 and exploring its own stablecoin, following its investment in stablecoin infrastructure firm BVNK. The partnership comes amid growing institutional demand for digital assets, supported by clearer US regulation like the GENIUS Act, and positions Coinbase as a key infrastructure provider, following similar collaborations with firms like BlackRock and JPMorgan.

(Source：Brave New Coin)