(27 October 2025 – United States) Citi and cryptocurrency exchange Coinbase are collaborating to explore improvements in digital-payment initiatives including fiat to onchain stablecoin payouts.
The primary focus for Citi and Coinbase is digital asset payments for the bank’s institutional clients. Updates on the stablecoin payout collaboration will be shared in the coming months both group’s confirmed in a statement.
“The financial landscape is changing fast, and we’re thrilled to join Coinbase to explore new and innovative payment options for our global clients. With more than 300 payment clearing networks across 94 markets globally, we see collaborating with Coinbase as a natural extension of our ‘network of networks’ approach, further supporting our clients to make payments as if there were no borders” stated Citi’s Head of Payments and Services, Debopama Sen
“It’s not a debate anymore – crypto and stablecoins are the tools that will update the global financial system. Excited to be collaborating with Citi to work on improving stablecoin utility and digital asset adoption with their clients” commented Coinbase CEO, Brian Armstrong.
“Citi’s global network and expertise in payments make them an ideal partner as we work to advance digital asset capabilities. By combining their reach with Coinbase’s leadership in digital assets, we’re creating solutions that can simplify and expand access to digital asset payments.”