Coinbase has selected Citi's Virtual Account Wallet as the banking infrastructure for its new Coinbase Virtual Accounts product. The integration enables automatic conversion of fiat deposits into stablecoins, streamlining the on-ramp process for digital asset transactions.
Both companies confirmed the United States will be the initial launch market for the service. Neither Coinbase nor Citi provided a specific timeline for when the product will become available to users.
Coinbase Selects Citi Virtual Account Wallet for Automated Stablecoin Conversion
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
