CITI, COINBASE PARTNER TO EXPAND DIGITAL ASSET PAYMENTS

Summary from the TLDR Crypto newsletter

Citi partnered with Coinbase to develop digital asset payment solutions for institutional clients, initially focusing on streamlining fiat on/off-ramps and payment orchestration with future plans for 24/7 fiat-to-stablecoin options. The partnership extends Citi's push into round-the-clock digital money solutions alongside existing offerings like Citi Token Services and USD Clearing across its 94-market network. Citi currently banks 90% of top e-commerce firms and 15 of the world's 20 largest fintechs. It plans to launch crypto custody services in 2026 to hold native digital assets like Bitcoin and Ethereum on behalf of clients.