- Citibank is teaming up with Coinbase to enhance stablecoin use and support digital asset adoption.
- The partnership aims to develop new payment solutions for large-scale institutions.
- Focus areas include improving systems that convert between traditional currencies and digital assets.
- Debopama Sen of Citibank highlighted the collaboration’s role in expanding global payment networks.
- Coinbase continues to integrate crypto into finance with other partnerships and plans future updates.
Citibank, managing $2.6 trillion in assets, announced on Monday a partnership with Coinbase to advance the use of stablecoins and boost digital asset adoption for its clients. This collaboration will focus on creating innovative payment methods tailored to large institutions.
The two companies will work on improving infrastructure that enables seamless transactions on blockchains and conversion between fiat currency (government-issued money) and digital assets. This includes payment solutions using stablecoins—cryptocurrencies designed to maintain a stable value—and upgrading systems that facilitate entering and exiting digital asset markets.
In a blog post, Coinbase emphasized the importance of this collaboration by stating, “The ability to easily orchestrate transactions on blockchains and convert between fiat and digital assets—whether to settle payments, manage treasury, or drive efficiencies across financial infrastructure—is critical.” The partnership will focus on improving on-ramps and off-ramps—the processes institutions use to switch between fiat and digital currencies—as well as other related infrastructure.
Debopama Sen, head of payments and services at Citibank, said, “The financial landscape is changing fast, and we’re thrilled to join Coinbase to explore new and innovative payment options for our global clients.” She pointed out that Citibank supports over 300 payment clearing networks across 94 countries and views this partnership as a natural extension of its strategy to enable seamless, borderless payments.
Coinbase has had a strong presence this year as a leading crypto exchange amid the cryptocurrency industry’s growth in 2025. Besides this deal with Citibank, it has also formed partnerships with other major financial institutions like JPMorgan. Coinbase indicated it will provide further details about its collaborations in the upcoming months.
For more information, see the original announcement.
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