Citi Plans Stablecoin Checkout Solution Eliminating Need for Merchants to Hold Digital Assets
Key Highlights Citi is launching a stablecoin checkout service for institutional merchants through its Spring payment acceptance channel, integrated with Coinbase Payments. Coinbase handles the automatic conversion of digital currencies into fiat currency, allowing merchants to accept stablecoin payments without having to hold or custody crypto assets. The partnership operates bi-directionally, also utilizing Citi’s Virtual ...