Citi and Coinbase Expand Collaboration to Connect Digital and Fiat Payments for Corporations and Consumers
Citi and Coinbase announced an expanded collaboration connecting traditional banking with blockchain rails, launching first in the United States. Coinbase selected Citi's Virtual Account Wallet to power Coinbase Virtual Accounts with automatic fiat-to-stablecoin conversion, while Spring by Citi will let Citi's institutional clients accept stablecoin payments at checkout with Citi settling as bank of record.
Key figures
- Daily flows
- $6 trillion daily (Citi's payment flows)
- Stablecoin holders reachable
- over 150 million
AI analysis
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