Coinbase, Citi Collaborate on Fiat & Stablecoin Payments

Why Coinbase

Coinbase provides payments infrastructure connecting fiat and digital assets, while Citi brings its regulated banking capabilities and global reach across more than 180 countries and jurisdictions. Together, the companies give businesses a direct route between traditional finance and digital assets. The initiatives will launch first in the United States, with additional capabilities to follow in the coming months.

Alec Lovett, Head of Infrastructure Product, Coinbase:
“Fintechs building on Coinbase have always needed a fast, compliant bridge between fiat and stablecoins, and Citi gives us that at scale. By powering our Virtual Accounts with Citi’s regulated banking infrastructure, we’re giving businesses bank-account-like functionality with the speed of stablecoins underneath it, and pairing that with stablecoin acceptance through Spring by Citi means our shared customers can move between fiat and digital assets without ever having to think about which one they’re touching.”

Brett Tejpaul, Head of Coinbase Institutional:
“Citi is exactly the kind of regulated banking partner the digital asset economy needs to move from experimentation to everyday commerce. This collaboration gives Coinbase customers bank-grade fiat infrastructure on one side and Citi’s institutional clients easy, low-friction stablecoin acceptance on the other, without either side needing to build or manage a system they don’t need.”

“Our clients operate in an increasingly fast-paced and complex global economy, and we’re focused on delivering the solutions they need. Our goal is to build the next generation of payments infrastructure – one that is seamless, interoperable, and operates across both traditional and digital payments instruments and networks. This is about enabling the future of commerce, today.” Debopama Sen, Head of Payments, Services, CitiSource: Coinbase