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FollowingCiti and Coinbase deepen cooperation to help large companies seamlessly accept stablecoin payments
On September 28, Citi and cryptocurrency trading platform Coinbase announced an expansion of their cooperation. This cooperation aims to help large institutional customers directly accept stablecoin payments during the checkout process without having to build their own complex encryption infrastructure.
Two core initiatives
According to a jointly released press release, this cooperation mainly includes two innovative products:
First, Coinbase Virtual Accounts: Coinbase has selected Citi Services '"virtual account wallets" as part of its "bank-as-a-service"(BaaS) capabilities. This feature provides payment customers with a bank-account-like experience, automatically converting the fiat received into stable currencies. Both sides called the move an industry first.
Second, merchant collection services: Citi will allow its institutional customers to receive stablecoin payments through Coinbase Payments through its integrated payment acceptance platform "Spring by Citi."
This expansion marks the latest milestone in Citi Services 'broader digital asset strategy, which aims to connect traditional financial infrastructure with digital networks, covering areas such as cash management, securities and collateral.
Transfer mechanism of fiat to stablecoins
在此次合作中，两家公司的分工明确，各司其职：Coinbase负责加密资产的转换与托管，而花旗则作为记录银行进行资金结算，并管理商户关系。双方表示，这种架构使商户能够触达全球超过1.5亿名稳定币持有者，而无需直接持有、托管或管理数字资产。
这些举措首先在美国推出，随后将依托Coinbase向社区银行推广稳定币支付的广泛计划，进一步拓展至全球银行业合作伙伴。
花旗深化机构级加密业务布局
此次扩展协议建立在2025年10月花旗与Coinbase已有合作的基础之上，当时的合作始于法币充值、提现以及进出金通道。花旗服务部负责人Shahmir Khaliq称，该伙伴关系是银行服务战略中的“关键一步”。
他表示：“我们提供受监管的、银行级的解决方案，为客户参与数字经济扫清了重大障碍。”
Coinbase机构业务负责人Brett Tejpaul指出，此次合作让“Coinbase客户获得银行级的法币基础设施，同时让花旗的机构客户能够轻松、低摩擦地接受稳定币支付”。
Citigroup processes approximately US$6 trillion in daily transactions and provides banking services to 90% of the world's top e-commerce companies. Previously, Citi had predicted that by 2030, the real-world asset tokenization market would reach US$5.5 trillion, of which stablecoins are expected to drive US$1 trillion in treasury demand. The two sides said they will continue to cooperate in developing more functions in the coming months.
