Citi and Coinbase launched two services as part of their digital payments partnership, with Citi institutional clients now able to accept stablecoin payments through Spring by Citi using Coinbase infrastructure, and Coinbase Virtual Account holders able to automatically convert traditional currencies into stablecoins via Citi Virtual Account Wallet. Neither company disclosed customer count, transaction volumes, pricing, eligible currencies, or supported stablecoins. The two services target different clients: one enables stablecoin acceptance, the other converts fiat receipts into stablecoins.
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