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Citi Partners With Coinbase to Enable Stablecoin Payments
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
Citigroup has partnered with Coinbase to enable stablecoin payments for institutional clients. Citi’s corporate customers will be able to accept stablecoins through its merchant-processing services, convert fiat into crypto or stablecoins, make on-chain payments and convert funds back to fiat. Citi operates across 94 markets and more than 300 clearing systems, while Coinbase has about $246 billion in assets on its platform. Citi projects stablecoin issuance could reach $1.9 trillion by 2030 in its base case.
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