TL;DR Citi and Coinbase have expanded their partnership with new stablecoin and fiat payment infrastructure for businesses. Citi clients can accept stablecoin payments while Coinbase provides blockchain rails and conversion into fiat. Coinbase business customers can also use Citi-powered virtual accounts that automatically move between fiat and stablecoins. Citi and Coinbase are connecting corporate bank…
A consortium of major banks, including Bank of America, Citi, Deutsche Bank, Goldman Sachs, and UBS, announced on Friday that they will collaborate to explore the development of stablecoins pegged to G7 currencies. A New Era For Crypto In Mainstream Finance The renewed interest in stablecoins comes in the wake of US President Donald Trump’s…