Citi and Coinbase Expand Partnership to Integrate Fiat Banking and Stablecoin Payments

Citi and Coinbase have launched two new products to bridge traditional banking with stablecoin payments. Coinbase Virtual Accounts allow customers to receive fiat that is automatically converted into stablecoins, while Spring by Citi enables institutional clients to accept stablecoin payments at checkout with automatic conversion to fiat. This collaboration aims to provide a compliant bridge for businesses to access stablecoin liquidity without managing digital assets directly.