Citi institutional clients can now accept stablecoin payments through Spring by Citi using Coinbase's payments infrastructure, according to an announcement from Coinbase on Sept. 28. The initiative forms part of a digital asset payments partnership between the two companies that dates back to an initial collaboration announced in October 2025.
The newly outlined integration provides two distinct functions for handling digital assets and traditional currency. The first path allows institutional clients utilizing Spring by Citi to accept stablecoin payments directly via Coinbase's underlying rails. The second path addresses the reverse direction, utilizing Coinbase Virtual Accounts powered by Citi's Virtual Account Wallet to automatically convert incoming fiat currency into stablecoins.
Despite the launch of these capabilities, neither company has disclosed specific operating details regarding the partnership. The public announcements do not identify any clients currently utilizing the services, nor do they specify transaction volumes, pricing structures, supported stablecoins, or eligible traditional currencies.
The partnership originally began with a focus on fiat pay-ins and pay-outs for Coinbase's on- and off-ramps and payment orchestration before expanding into these customer-facing payment paths. While the services are described as currently available, the lack of operational data leaves the current scale and adoption rate of the integration unconfirmed.
