Citi Details Stablecoin Checkout With Coinbase and Fiat Payouts

The significance here is less the checkout feature than the division of labor: a global bank supplying payment rails while a crypto-native firm supplies stablecoin plumbing, letting merchants get fiat settlement without touching digital assets. That structure is aimed squarely at institutional merchants whose compliance teams have blocked direct token exposure. The open questions are which stablecoins qualify, when general availability arrives, and whether other banks replicate the model rather than build their own.