Coinbase and Citigroup are joining forces to explore new digital payment methods, the companies announced Monday. The initial focus will be on developing fiat-to-stablecoin payout options for Citi’s institutional client base.
The partnership highlights the growing acceptance of crypto assets within traditional finance.
“It’s not a debate anymore,” declared Coinbase CEO Brian Armstrong, who sees stablecoins as key to updating the global financial system. Further details on the stablecoin payout exploration are anticipated in the next few months.
