Jesse Pollak Flags Citi Institutional Stablecoin Acceptance on Base

coinbase is bringing stablecoin acceptance into the banking system with @Citi, a move that Base lead jessepollak amplified on Sept. 28, 2026, calling it a "big deal" for the network.

According to the announcement, institutions working with Citi can now accept stablecoins instantly, with the infrastructure described as bank-grade and regulated. The integration runs on base, Coinbase's Ethereum Layer-2 network.

Base is an Ethereum L2 built on the OP Stack and incubated by Coinbase, publicly announced in February 2023 and now led by Pollak. The network has no native token; gas is paid in ETH.

What the announcement does and doesn't say

The post did not name the participating institutions or which stablecoins will be supported. It frames the move as the next step toward stablecoins becoming everyday money.

For Base, an institutional distribution channel through a global bank marks a different kind of growth than consumer apps and DeFi protocols, which have driven most of the network's activity to date. Pollak's amplification signals the announcement is being treated as a strategic priority for the chain rather than a one-off partnership.

What to watch: details on supported assets, transaction rails, and the participating institutions.