Citi Clients Can Now Take Stablecoin Payments Through Coinbase—Without Touching Crypto

Coinbase and Citi expanded a commercial arrangement to bring stablecoin payment capabilities to Citi's institutional clients and to give Coinbase tighter banking integration. Under the new setup, businesses using Spring by Citi can accept stablecoin payments at checkout while Coinbase handles token conversion into fiat and Citi acts as the settling bank.

The companies also linked Coinbase Virtual Accounts to Citi's Virtual Account Wallet, part of the bank's banking-as-a-service offerings. That connection allows businesses on Coinbase's platform to accept, hold, and send funds similarly to a bank account, with incoming U.S. dollar payments able to be automatically converted into stablecoins.

Both enhancements will roll out first in the United States, with additional capabilities planned in the months ahead, the firms said. Coinbase highlighted a potential addressable audience of more than 150 million stablecoin holders worldwide as part of the rationale for expanding the integration.

The expansion builds on the partners' October 2025 announcement to simplify fiat pay-ins and payouts for Citi's institutional clients. Citi has continued to broaden its digital-asset services since then, including a plan to add Bitcoin custody to its Custody+ suite, while Coinbase has been diversifying beyond trading with products such as fixed-rate USDC loans and tokenized stocks on its Base network.