# Citi and Coinbase Pair Stablecoin Payments With Fiat Settlement

> Citi and Coinbase launch stablecoin payments with fiat settlement for businesses.
- Title: Citi and Coinbase Pair Stablecoin Payments With Fiat…
- Summary: Citi and Coinbase launch stablecoin payments with fiat settlement for businesses. Citi and Coinbase enable businesses to convert incoming fiat to stablecoins…
- Keywords: citi, coinbase, stablecoins, fiat settlement, virtual accounts, institutional clients, payments infrastructure, business, finance, Pair, Stablecoin, Payments
- Source: Pymnts — https://pymnts.com/cryptocurrency/2026/citi-coinbase-unlock-merchant-stablecoin-payments-with-fiat-settlement
- Author: PYMNTS
- Published: 2026-09-28T16:49:51+00:00
- Read time: 1 min
- Topics: citi, coinbase, stablecoins, fiat settlement, virtual accounts, institutional clients, payments infrastructure, business, finance
## Collaboration Announcement
Coinbase deepened its collaboration with Citi to enable businesses to convert incoming fiat into stablecoins and accept stablecoin payments.
## Virtual Account Wallet
Coinbase chose Citi’s Virtual Account Wallet to power Coinbase Virtual Accounts for accepting, holding, paying and converting incoming fiat into stablecoins.
## Citi’s Banking Infrastructure
Citi provides the regulated banking infrastructure that connects these accounts to the global financial system.
## Spring Platform Integration
Coinbase adopted Spring by Citi to enable institutional clients to accept stablecoin payments without holding or managing stablecoins themselves.
## Client Benefits
Clients can offer branded virtual accounts, automatically convert incoming fiat to stablecoins, and enable merchants to receive fiat settlement when paid in stablecoins.
## Initial Launch
The initiatives will launch first in the United States, with Citi focused on delivering solutions for a fast-paced global economy.
## Key takeaway

Citi and Coinbase enable businesses to convert incoming fiat to stablecoins and accept stablecoin payments using a compliant bridge.