Citi Outlines Stablecoin Checkout With Coinbase and Fiat Settlement
Citi has outlined a US-first stablecoin checkout expansion with Coinbase that would allow institutional merchants to receive fiat rather than hold digital assets.
Citi has detailed a planned expansion of stablecoin checkout with Coinbase, according to The Defiant. The rollout would begin in the United States.
The arrangement would enable institutional merchants to receive payments in fiat currency, removing the need for them to hold digital assets.
Key launch details remain unclear. No general availability date or list of supported stablecoins has been specified.
Source: The Defiant
