Citi Taps Coinbase for Institutional Stablecoin Payments

Citigroup is partnering with Coinbase to add digital-asset payments to its corporate offering, starting with fiat on/off-ramps and payment orchestration across a network of more than 300 clearing systems in 94 markets, before expanding to stablecoin settlement. Citi processes about $5 trillion in daily flows; Coinbase custodies bitcoin for most U.S. spot ETFs and runs Coinbase Prime. Citi Institute projects the stablecoin market could reach about $1.6 trillion by 2030.