Core Insights - Coinbase and Citibank are collaborating on stablecoins, aiming to reshape money movement, with Citibank projecting the sector's value to reach $4 trillion by 2030 [1][4] - The partnership combines Coinbase's crypto exchange infrastructure with Citibank's extensive payments network, facilitating 24/7 digital dollar transactions [1][2] Market Potential - The stablecoin market is currently valued at approximately $310 billion, with expectations to grow significantly, potentially accounting for 12% of global payments by 2030 [3] - Analysts predict the stablecoin market could expand tenfold to a valuation of $3 trillion by 2030, indicating strong growth potential [3] Industry Sentiment - Citibank's bullish outlook on stablecoins highlights their importance as "vital additions to the financial toolkit," particularly for emerging markets seeking efficient transaction methods [5] - The rise of stablecoins is seen as a transformative moment for blockchain technology, with predictions of enabling $200 trillion in annual transactions by the end of the decade [4] Adoption Drivers - Stablecoins provide direct access to a stable form of money, often the US dollar, without the need for traditional banking, enhancing payment speed and reducing remittance costs [6] - The pro-stablecoin stance of the Trump administration is viewed as a catalyst for accelerating adoption within the industry [6]

🗞️ Need to catch up on the news? Here's our top 10 from today:🔸 Solana, Litecoin and Hedera ETFs are set to launch Tuesday, according to Bloomberg’s Eric Balchunas.🔹 ETHZilla sold $40M in Ethereum to fund $12M in stock buybacks.🔸 MetaMask registers domain for token claims, hinting its long-awaited airdrop may be near.🔹 Canada is set to unveil stablecoin rules in its next federal budget to mirror the U.S. GENIUS Act.🔸 Citi partners with Coinbase to test stablecoin payments for faster cross-border transfers.🔹 ...

🚨 BIG: Citi and Coinbase are teaming up to expand digital asset payment capabilities for institutional clients.Citi currently serves over 200,000,000 customers in over 160 countries. https://t.co/wtEziQPd3T ...

Citi partners with Coinbase to boost crypto payment options for institutional clients, bridging traditional finance and digital assets.Read more: https://t.co/uOpUOmJNVw ...

$2.6T Citi and Coinbase partner to enhance digital asset payment solutions for institutional clients ...

We’re collaborating with @Citi to build the future of payments.→Exploring making it easier for Citi clients to use digital assets→Unlocking the power of stablecoins for payments→Improving on and off-rampsTime to make digital assets an integral part of the global economy. https://t.co/jGaTZ8wPRf ...

Patrick Witt (@patrickjwitt), the Executive Director of the President’s Council of Advisors for Digital Assets at the @WhiteHouse, is speaking at this year's SmartCon.Join the convergence of global finance and government leaders in NYC ↓https://t.co/KA0RW6QUeq https://t.co/VNHXL855sQ ...

Every single asset wants to be digital.Avalanche is built to tokenize them all. 🔺 https://t.co/aRnyRFRh5a ...

Core Insights - IBM is set to launch a platform called IBM Digital Asset Haven, aimed at enabling financial institutions, governments, and corporations to manage digital assets across multiple blockchains while ensuring compliance with regulatory requirements [1][2] - The platform is being developed in collaboration with Dfns, which has created 15 million wallets for 250 clients, combining IBM's infrastructure and security with Dfns' digital asset custody capabilities [2][4] Group 1 - The platform will feature transaction lifecycle management supporting blockchain transactions across over 40 connected public and private blockchains, governance and entitlement management for wallet access, and integrated third-party solutions to accelerate deployment [3] - IBM Digital Asset Haven will enable secured cold storage operations, which are increasingly required by regulatory bodies, and is expected to be released via software-as-a-service and hybrid SaaS in Q4 2024, with on-premises availability in Q2 2026 [4] - Tom McPherson from IBM stated that the platform delivers resilience and data governance, empowering governments and enterprises to develop next-generation financial services [4] Group 2 - Dfns CEO Clarisse Hagège emphasized that the collaboration with IBM has resulted in a platform that orchestrates the full digital asset ecosystem, facilitating the transition of digital assets from pilot programs to global production [5] - Dfns raised $16 million in a Series A funding round to enhance the adoption of its crypto wallet infrastructure for institutional clients, having shifted focus to institutional clients two years prior [5][6] - IBM's LinuxONE 4 Express, launched in February 2024, is designed to assist clients in addressing both new and traditional use cases, including digital assets [6]

🚨NEW: IBM Launches ‘Digital Asset Haven’ PlatformThe blockchain platform built with wallet provider Dfns will help banks, governments, and enterprises launch crypto-based services like custody and settlement. https://t.co/lPa5vspBGv ...