Citi plans stablecoin checkout so merchants won’t need to hold digital assets

Citi plans to let institutional merchants accept digital-asset payments without holding stablecoins themselves. Its September 28, 2026 announcement outlined stablecoin checkout for Spring by Citi , with Coinbase handling conversion into fiat and Citi settling the funds. Key takeaways Coinbase Payments will convert customers’ digital currency into fiat. Merchants will not need to manage stablecoin holdings. The initiatives are planned to launch in the United States first. A separate account integration will convert incoming fiat into stablecoins. According to The Defiant , the arrangement adds digital-asset acceptance to an existing merchant platform rather than creating a separate service.