🇸🇦 A huge partnership between Citi and Coinbase: Stablecoins enter the world of payments

In a historic move, Citigroup announced a partnership with Coinbase to provide payment services based on stablecoins, paving the way for a revolution in global payment systems.

🔹 Focus on smart payments through smart contracts, conditional transfers, and faster settlements

🔹 Citi's projections: The stablecoin market will reach $4 trillion by 2030 (compared to $315 billion currently)

🔹 The partnership is supported by the new American GENIUS Act regulating stablecoins, set to take effect in 2027

🔹 Major institutions like JPMorgan and Bank of America are getting involved

🔹 Circle (issuer of USDC) launched its shares and rose by 167% to a market value of $35 billion