Citi and Coinbase have announced a partnership to explore stablecoin-based cross-border payment solutions for Citi's corporate clients. The collaboration aims to streamline the conversion process between cryptocurrencies and fiat currencies, enhancing liquidity and settlement speed. Debopama Sen, head of Citi's payment services, stated that the bank is evaluating the launch of on-chain stablecoin payment capabilities in the coming months to meet institutional clients' needs for programmable payments, conditional payments, and 24/7 settlement capabilities.