Coinbase and Citi Partner to Improve Blockchain Payments
Coinbase announced a collaboration with Citigroup to build blockchain-based payment infrastructure. The goal is to help institutions move value using digital assets and stablecoins more easily.
This partnership combines Coinbase’s digital asset tools with Citi’s global payments network. Citi operates in 94 markets and uses over 300 clearing systems. The companies will work together to enhance institutional on-ramps, off-ramps, and settlement tools. These are important for quick conversion between fiat and crypto.
The project aims to create faster and more reliable transaction systems. These systems will run 24/7 and integrate digital assets with traditional finance. Citi’s Token Services and 24/7 USD Clearing will play key roles in linking conventional finance with blockchain operations.
Both Coinbase and Citi stress that the partnership supports their goal of growing digital asset adoption responsibly and securely. Coinbase is also expanding partnerships with banks, asset managers, and payment providers to boost blockchain use in institutions.
Connecting Banking, AI, and Blockchain Payments
This announcement follows Coinbase’s recent launch of Payments MCP. This new protocol lets AI systems send and receive stablecoins autonomously. AI agents can open wallets and make payments using natural language commands.
Coinbase is building infrastructure for both human and AI-driven payments. While the Citi partnership focuses on institutional finance, Payments MCP opens the door to AI-powered commerce. It allows money to move automatically across digital networks.
Together, these efforts show Coinbase’s plan to connect banks, AI, and payment networks via blockchain technology.
