Citi and Coinbase Unlock Merchant Stablecoin Payments With Fiat Settlement

Coinbase deepened its collaboration with Citi to enable businesses to convert incoming fiat into stablecoins and to accept stablecoin payments , Coinbase said in a Monday (Sept. Coinbase chose Citi’s Virtual Account Wallet to power Coinbase Virtual Accounts , which enable customers to accept, hold, pay and automatically convert incoming fiat into stablecoins. Citi provides the regulated banking infrastructure that connects these accounts to the global financial system, according t