Citi, Coinbase partner for stablecoin payments for institutional clients

Coinbase Global on Monday announced in an X post a partnership with Citigroup to allow stablecoin payments to the latter's institutional clients.The agreement is expected to enable Citi clients to convert fiat into crypto or stablecoins, send payments onchain, and convert back into fiat when needed.Content provided by Seeking Alpha is intended for information purposes only, and that Seeking Alpha does not offer any personalist investment advice and is not a licensed securities dealer, broker, US investment adviser or investment bank.