Citigroup, one of Wall Street’s leading institutions, has announced a strategic partnership with cryptocurrency exchange Coinbase to develop new stablecoin solutions aimed at institutional and corporate investors as part of Citi’s initiative to leverage blockchain technology for financial transactions.

Citi’s ‘Network Of Networks’ Approach

According to the announcement , the initial phase of this partnership will focus on facilitating fiat pay-ins and pay-outs. This is aimed to enhance Coinbase’s on/off-ramps—essentially the bridges between traditional fiat currencies and digital asset ecosystems—alongside improving payment orchestration.

Further details on specific initiatives, including the exploration of alternative methods for converting fiat to on-chain stablecoin payouts

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