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Citi ties up with Coinbase to offer digital-asset payments to institutional clients
Citi teams up with Coinbase to launch institutional digital-asset payment services, signalling banks’ growing crypto infrastructure push.
Citigroup (Citi) has entered a strategic partnership with Coinbase to provide digital-asset payment solutions for its institutional clients, with a potential global rollout in future phases. Initially the collaboration will enable clients to deposit and withdraw fiat currencies through Coinbase’s services and explore conversion into stablecoins. The move reflects growing institutional adoption of blockchain-based payments and signals banks are moving more aggressively into digital-asset infrastructure. The companies say detailed product features will be disclosed in coming months.