Citi has partnered with Coinbase to expand its digital-asset services. The bank will use the exchange’s infrastructure to support stablecoin payments for corporate clients.
Coinbase is the largest cryptocurrency exchange in the United States. It will supply the digital rails needed to process these transactions.
The partnership allows Citi’s institutional customers to move money using stablecoins. These tokens are pegged to traditional currencies like the U.S. dollar.
Stablecoins offer faster settlement times than conventional bank transfers. They also operate outside standard banking hours, including weekends and holidays.
Citi has steadily increased its involvement in blockchain-based finance. The bank sees digital assets as a way to improve cross-border payments.
Coinbase continues to build tools for traditional financial institutions. The exchange provides custody, trading, and payment services to large firms.
The move reflects growing interest among major banks in crypto infrastructure. Stablecoins are gaining traction for corporate treasury and payment operations.
