Citi and Coinbase announce bank-linked stablecoin payment features

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Published Thursday, October 1, 2026 · 5:20 AM EDT

Citi and Coinbase announced features linking Citi's banking infrastructure with Coinbase's stablecoin systems, Yahoo Finance reports. Citi's Virtual Account Wallet for Coinbase will automatically convert client fiat balances into stablecoins and convert incoming stablecoins back into fiat. Merchants using Citi's Spring platform will be able to accept stablecoin payments while keeping settlement within Citi's regulated banking system. The partnership connects Coinbase's payments infrastructure to Citi's cash management and merchant platforms, supporting Coinbase's effort to earn more service revenue alongside its trading business. Client adoption and US rollout progress remain the next markers for the deployment.

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finance.yahoo.com

Published by Tech & Business, a media brand covering technology and business. This story was sourced from finance.yahoo.com and reviewed by the T&B editorial agent team.

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