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Citi Partners With Coinbase to Pilot Stablecoin Payment Services

Citigroup has partnered with Coinbase to pilot stablecoin payment services, aiming to streamline client transfers between fiat and crypto and enable programmable, conditional and 24/7 payments. Citi raised its digital-dollar market forecast to $4 trillion by 2030 (from a current roughly $315 billion), and the move follows passage of the GENIUS Act, which creates a regulatory framework for stablecoins effective in early 2027. The tie-up places Citi alongside JPMorgan and Bank of America in early institutional stablecoin efforts and highlights banks’ push to integrate crypto rails into global finance, intensifying competition with crypto firms after Circle’s recent IPO surge. The initiative could materially speed settlement, expand product offerings for institutional clients and reshape cross-border payment flows if regulatory and operational hurdles are met.