{"id":52036,"date":"2026-09-28T19:36:21","date_gmt":"2026-09-28T19:36:21","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=52036"},"modified":"2026-09-28T19:36:21","modified_gmt":"2026-09-28T19:36:21","slug":"citi-and-coinbase-working-together-to-build-stablecoin-infrastructure-for-businesses","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=52036","title":{"rendered":"Citi and Coinbase Working Together To Build Stablecoin Infrastructure for Businesses"},"content":{"rendered":"

Bitcoin Magazine<\/a>
\n
\nCiti and Coinbase Working Together To Build Stablecoin Infrastructure for Businesses<\/a><\/p>\n

<\/div>\n

Citigroup is working with America\u2019s biggest crypto exchange, Coinbase, in its latest blockchain-based venture.\u00a0<\/p>\n

The two companies said<\/a> in a joint statement Monday that they were teaming up to allow Citi clients to move between regular money and stablecoins without having to build or manage both banking and crypto systems themselves.<\/p>\n

The announcement comes as banks worldwide utilize Bitcoin\u2019s underlying technology to speed up their processes and cater to crypto-hungry customers.\u00a0<\/p>\n

Citi last month said<\/a> it would allow institutional investors to custody both traditional assets and bitcoin within one framework, rather than needing separate systems, later this year.\u00a0<\/p>\n

\u201cOur clients operate in an increasingly fast-paced and complex global economy, and we\u2019re focused on delivering the solutions they need,\u201d said Debopama Sen, Head of Payments, Services, Citi.\u00a0<\/p>\n

\u201cOur goal is to build the next generation of payments infrastructure \u2014 one that is seamless, interoperable, and operates across both traditional and digital payments instruments and networks.\u201d<\/p>\n

There are two parts to the deal, the announcement said. Firstly, Coinbase Virtual Accounts, built on Citi\u2019s banking-as-a-service platform, will give Coinbase\u2019s payments customers bank-account-like features so they can accept, hold, send funds. Citi will provide the regulated banking backbone so that incoming fiat can be automatically converted to stablecoins.\u00a0<\/p>\n

Secondly, Citi\u2019s merchant platform, Spring by Citi, will use Coinbase\u2019s infrastructure so that Citi\u2019s enterprise clients can accept stablecoin payments at checkout. Coinbase will convert the stablecoins to fiat, and Citi settles the funds, so merchants never have to hold or manage crypto directly.<\/p>\n

\u201cFintechs building on Coinbase have always needed a fast, compliant bridge between fiat and stablecoins, and Citi gives us that at scale,\u201d Coinbase\u2019s Head of Infrastructure Product, Alec Lovett, said.\u00a0<\/p>\n

Coinbase and Citi first announced last year that they would partner to enhance digital asset payment capabilities for institutional clients.<\/p>\n

Citi has a number of blockchain offerings, including Citi Token Services, which enables real-time cross-border payments using tokenized deposits.<\/p>\n

The firm since last year has also been working with other top banks \u2014 including Deutsche Bank, Goldman Sachs, and Bank of America \u2014 to explore issuing a stablecoin product.<\/p>\n

This post Citi and Coinbase Working Together To Build Stablecoin Infrastructure for Businesses<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Mathew Di Salvo<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Citi and Coinbase Working Together To Build Stablecoin Infrastructure for Businesses Citigroup is working with America\u2019s biggest crypto exchange, Coinbase, in its latest blockchain-based venture.\u00a0 The two companies said in a joint statement Monday that they were teaming up to allow Citi clients to move between regular money and stablecoins without having to […]<\/p>\n","protected":false},"author":1,"featured_media":52037,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-52036","post","type-post","status-publish","format-standard","has-post-thumbnail"],"yoast_head":"\nCiti and Coinbase Working Together To Build Stablecoin Infrastructure for Businesses - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=52036\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Citi and Coinbase Working Together To Build Stablecoin Infrastructure for Businesses - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"Bitcoin Magazine Citi and Coinbase Working Together To Build Stablecoin Infrastructure for Businesses Citigroup is working with America\u2019s biggest crypto exchange, Coinbase, in its latest blockchain-based venture.\u00a0 The two companies said in a joint statement Monday that they were teaming up to allow Citi clients to move between regular money and stablecoins without having to […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptomag.finance\/?p=52036\" \/>\n<meta property=\"og:site_name\" content=\"Cryptomag\" \/>\n<meta property=\"article:published_time\" content=\"2026-09-28T19:36:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2026\/09\/Citi-and-Coinbase-Working-Together-To-Build-Stablecoin-Infrastructure-for-Businesses.jpg\" \/>\n<meta name=\"author\" content=\"Crypto Magazine\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptomagz\" \/>\n<meta name=\"twitter:site\" content=\"@cryptomagz\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Crypto Magazine\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=52036#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=52036\"},\"author\":{\"name\":\"Crypto Magazine\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/#\\\/schema\\\/person\\\/f749cd846c4f13ef717c12a20ce9d040\"},\"headline\":\"Citi and Coinbase Working Together To Build Stablecoin Infrastructure for Businesses\",\"datePublished\":\"2026-09-28T19:36:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=52036\"},\"wordCount\":402,\"image\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=52036#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cryptomag.finance\\\/wp-content\\\/uploads\\\/Citi-and-Coinbase-Working-Together-To-Build-Stablecoin-Infrastructure-for-Businesses-xTkfoX.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=52036\",\"url\":\"https:\\\/\\\/cryptomag.finance\\\/?p=52036\",\"name\":\"Citi and Coinbase Working Together To Build Stablecoin Infrastructure for Businesses - 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