Coinbase and Citi have deepened their collaboration to extend Coinbase’s payments infrastructure to Spring by Citi, the bank’s institutional payment acceptance platform. This enables Citi’s enterprise merchant clients to accept stablecoin payments at checkout without the need to hold or manage digital assets directly. Coinbase’s infrastructure handles the automatic conversion of digital currency into fiat, while Citi serves as the bank of record to settle the funds.
This joint effort aims to address the operational and regulatory challenges businesses face when scaling transactions between traditional finance and digital assets. By pairing Coinbase’s digital asset infrastructure with Citi’s regulated banking rails, the system provides a unified path for moving between fiat and stablecoins. As a result, businesses can access these capabilities without needing to build or maintain separate banking and digital asset technology stacks themselves.
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