Citi and Coinbase Dey Try Stablecoin Payments Under GENIUS Act
Citigroup and Coinbase don start beta program wey dem go use stablecoin payment for corporate clients, using programmable onchain USDC to make payments fast, conditional and global anytime 24/7. This move come after US Congress approve GENIUS Act wey go set rules for stablecoin issuance and operations from 2027. Citigroup believe say digital dollar market fit blow from $315 billion now to $4 trillion by 2030 because institution dem need better cross-border payment. With stablecoin payment, Citi wan link traditional banking system with crypto system, join JPMorgan and Bank of America wey dey test onchain solutions. This pilot show say institutions dey interested in digital asset solutions more as Circle’s USDC share jump after IPO and banks dey try digitize fiat rails.
Bullish
Di Citi–Coinbase pilot dey show say plenty institutions dey start to use stablecoin payment, especially USDC. For short time, di regulatory clarity wey di GENIUS Act bring plus di big partnership fit make transaction volume and onchain demand increase, wey go support USDC price. For long term, as mainstream banks go join programmable stablecoin rails fit increase how people use am for cross-border settlements and corporate treasury operations, to make stablecoin useful and liquid well well. Historical example show say institutional pilots and regulations dey before big market adoption, wey fit make USDC price go high.