Citi’s institutional clients can now accept stablecoin payments through Spring by Citi, with Coinbase converting the tokens to fiat and Citi settling the funds. The service launches first in the U.S. and targets over 150 million stablecoin holders worldwide. Coinbase also tapped Citi’s Virtual Account Wallet to power Coinbase Virtual Accounts, which automatically convert incoming fiat into stablecoins. The expansion builds on a partnership first announced in October 2025.
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