Citigroup Inc. and Coinbase Global Inc. are joining forces to pilot stablecoin payments, aiming to make crypto-to-fiat transfers faster and cheaper for Citi’s corporate customers. Bloomberg’s Emily Mason first reported the partnership, noting that it reflects a growing trend of major banks experimenting with blockchain-based infrastructure after years of regulatory caution.

Citi’s payments chief Debopama Sen said the bank is exploring “onchain stablecoin payments” to enhance speed, efficiency, and programmability. The collaboration builds on Citi’s earlier blockchain tokenization platform and comes as stablecoin adoption jumps 70% following new U.S. regulations. Coinbase’s Brian Foster said the exchange now works with more than 250 financial institutions worldwide, emphasizing that stablecoins are becoming a cornerstone of the evolving digital-payment ecosystem.

• What is Citi’s goal in working with Coinbase?
  To test faster, programmable stablecoin payments for its institutional clients.
• Who first reported the Citi–Coinbase partnership?
  Bloomberg’s Emily Mason broke the news.
• Why are stablecoins important to Citi’s strategy?
  They enable 24/7 digital payments and lower cross-border transfer costs.
• What role does Coinbase play in the partnership?
  Coinbase provides the crypto infrastructure to support Citi’s stablecoin experiments.

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