$2.6 trillion asset manager Citibank is partnering with Coinbase to improve “stablecoin utility & digital asset adoption for its clients,” per a Monday announcement. The partnership will focus on creating innovative payment solutions for institutions operating at scale.

“The ability to easily orchestrate transactions on blockchains and convert between fiat and digital assets—whether to settle payments, manage treasury, or drive efficiencies across financial infrastructure—is critical, and we’re excited to work with Citi to bring this technology to their clients,” Coinbase wrote in a recent blog post. “Our collaboration will focus on improving on-ramps and off-ramps—the systems that allow institutions to convert between fiat and digital assets, payment solutions including stablecoins, and other infrastructure initiatives.”

“The financial landscape is changing fast, and we’re thrilled to join Coinbase to explore new and innovative payment options for our global clients,” said Debopama Sen, head of payments and services at CitiBank. “With more than 300 payment clearing networks across 94 markets globally, we see collaborating with Coinbase as a natural extension of our ‘network of networks’ approach, further supporting our clients to make payments as if there were no borders.”

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Coinbase has made waves this year as the leading crypto exchange, as cryptocurrency has thrived in 2025. The exchange has worked hard to integrate digital assets into the broader financial system, with many collaborations with top financial firms like Citibank and JPMorgan. The former says they will share more about this work in the coming months.