In a joint statement on Monday, Coinbase and Citigroup (Citi) unveiled a new partnership aimed at exploring and improving digital payment solutions.
The collaboration will focus on developing "innovative payment options" for Citi's institutional clients.
Coinbase CEO Brian Armstrong said in X:
"It’s not a debate anymore - crypto and stablecoins are the tools that will update the global financial system."
Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange
The initiative will leverage Citi's global payments network and Coinbase's expertise in digital assets to create more accessible and efficient payment systems. Updates on the program are expected in the coming months.