Citi and Coinbase bring stablecoin payments into 94 markets

The partnership is designed to let institutional and large corporate clients accept stablecoin payments through Citi’s banking workflow. Coinbase supplies the blockchain rails and automatic conversion, while Citi handles banking, settlement, and moving funds between fiat and stablecoins. That brings on-chain payments into a bank network spanning 94 markets and more than 300 clearing systems, alongside Coinbase’s $246 billion in platform assets.