Citigroup is exploring stablecoin payment services with Coinbase, aiming to provide clients with easier fiat-to-crypto transfers. The bank’s head of payments, Debopama Sen, revealed plans to enable onchain stablecoin payments for clients, citing a forecast that the stablecoin market could reach $4 trillion by 2030, up from $315 billion today.

The passage of the US GENIUS Act has spurred Wall Street banks like Citigroup, JPMorgan, and Bank of America to delve into stablecoin initiatives. Even JPMorgan CEO Jamie Dimon, a longtime crypto skeptic, expressed the bank’s intention to be involved in stablecoin development. Investor interest is growing, with Circle’s USDC stablecoin issuer going public with a $35 billion market capitalization.

Read more at Cointelegraph: Citi Partners with Coinbase to Test Stablecoin Payments