Crypto
Citi links with Coinbase for stablecoin payments without direct crypto holdings
Citi institutional clients can now accept stablecoin payments without directly holding cryptocurrencies. Coinbase has connected its payment infrastructure to Citi\'s merchant payments platform, Spring by Citi. Customers can pay in stablecoins at checkout, with Coinbase converting the funds into fiat currency and Citi settling them as the account management bank. The companies will first launch the functions in the United States and plan to add features in coming months.
