Summary
Citi and Coinbase announced an expanded partnership launching a US payments service linking fiat and stablecoins. Corporate clients can accept stablecoin payments at checkout via Spring by Citi, with Coinbase handling conversion and Citi acting as settlement bank, so merchants need not hold or hand…
Key points
- This is the first time a major bank has formally connected stablecoin acceptance and fiat settlement into corporate payment flows, offering merchants a concrete case to evaluate.
- With a bank itself acting as stablecoin settlement agent, stablecoin payments are moving from experiment to regulated enterprise-grade infrastructure.
- Merchants can accept stablecoins and receive USD settlement without touching crypto assets, changing the complexity of finance and accounting workflows.
Editorial note
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