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The gap between traditional finance and digital assets has narrowed further. Coinbase Global Inc. (NASDAQ:COIN) and Citigroup Inc. (NYSE:C) announcement A collaboration last week aimed to make it easier for large institutions to move money using stablecoins and other digital assets — a development that could accelerate the integration of crypto into traditional finance.
For years, institutional investors have faced a critical bottleneck: the difficulty of smoothly converting between traditional currencies and digital assets at scale. This partnership targets precisely this friction point, combining the infrastructure expertise of Coinbase with that of Citi. massive global payments network spanning 94 markets and over 300 payment clearing systems.
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The partnership aims to solve the key challenge of making it easier for Citi clients to leverage digital assets and stable coins to facilitate the transmission of value, according to Coinbase. The solutions under development are specifically designed for institutional clients operating at scale, with use cases including settling payments, managing treasury operations and improving the efficiency of financial infrastructure.
Institutional adoption of digital assets has accelerated, but infrastructure gaps have hampered broader implementation. The collaboration combines Coinbase’s years of experience building a secure, streamlined and scalable infrastructure for digital assets with Citi’s extensive global payments network, according to the announcement.
The goal is ambitious: to create payment solutions that are faster, more reliable and available around the clock. For institutions managing billions of daily transactions, these improvements are not only practical: they are essential for integrating digital assets into core financial operations.
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What makes this partnership particularly important is its focus on foundational infrastructure rather than experimental applications. This work is part of Coinbase’s broader mission to make digital assets an integral and trusted part of the global economy, the company said.
