Citigroup is expanding its partnership with Coinbase to allow the bank's institutional clients to accept stablecoin payments while settling in traditional fiat currency. The collaboration builds on their October 2025 partnership and enables merchants to process stablecoin transactions without directly holding crypto assets, with Coinbase handling the conversion infrastructure.
MoneyGram, the 86-year-old global payments company, has launched its first stablecoin-backed Visa card in Colombia, allowing eligible customers to hold stable-dollar balances and use them for spending and cash access through the MoneyGram app. The company plans a worldwide rollout following the initial Colombia launch.
South Korea's National Assembly Budget Office has found that won-denominated stablecoins could save the country's merchants up to $3.8 billion per year in payment processing costs, primarily by reducing credit card transaction fees.
Bybit Pay has integrated with crypto payments infrastructure provider Mesh, allowing the exchange's 80 million users to make payments and fund accounts across more than 300 platforms directly from their Bybit balances without withdrawing assets.
Casper and Payouts.com announced a partnership combining spending controls with stablecoin settlement to address payment challenges for autonomous AI agents, targeting what Visa has identified as the hardest trust problem in agentic commerce. The initiative comes as industry experts debate liability and payment infrastructure for AI agents making independent purchases.
Major payment networks Visa and Mastercard have joined Rain and Fireblocks to launch the Agentic Payments Alliance, a coalition aimed at standardizing protocols and infrastructure for AI-powered autonomous commerce where AI agents can make purchases independently.
KuCoin Pay has announced a partnership with DCSPay, a payments platform by DCS Group that enables businesses to integrate stablecoin payments and fiat settlement. The collaboration leverages DCS Group's over 50 years of payments expertise to provide secure and compliant infrastructure.
Western Union has partnered with stablecoin infrastructure provider Rain to launch Stablecard, a digital wallet and Visa-branded card that allows users to hold and spend USDPT, Western Union's US dollar-backed stablecoin issued by Anchorage on Solana. The product is now available in 37 markets globally.
A new PhotonPay research report documents how stablecoin-based multi-rail payment systems are cutting African cross-border B2B settlement costs from $5-$15+ to under $1 and reducing settlement times from days to minutes, as companies like Lumepay launch institutional payment solutions targeting the continent's fragmented commercial trade infrastructure.
Coinbase has introduced three offerings that enable businesses to accept payments from AI agents, expand agent-assisted crypto trading and help developers integrate x402 payments. The company also said agent traffic exceeded human traffic on Base documentation pages for the first time.
Corporate finance platform Ramp has opened stablecoin accounts and payment capabilities to business clients, leveraging Stripe's stablecoin infrastructure with Bridge handling dollar conversions and Privy managing balance storage.
