29th October 2025 > > Coinbase, Citibank, & Western Union.
- Mark Timmis
- Oct 29
- 2 min read
tl;dr
Coinbase, Citibank, and Western Union are all forcing the pace of global crypto adoption.
Market Snap
Market Wrap
With the Fed’s pre-planned manipulation of interest rates due today, and announcements expected from Trump about the current stand-off between the US and China, the next couple of days promises some extra volatility.
Curious Cryptos’ Commentary – Coinbase and Citibank
Coinbase and Citibank have announced a partnership to embed cryptos deep into the TradFi world:
Citibank, a giant in financial services, has only recently converted to the crypto cause. Senior management presumably fell for the gaslighting around cryptos enabling money laundering and the false claims about the environmental costs. Thankfully, common sense has prevailed, and shareholders’ demands to stay ahead of the game have been heeded.
A Coinbase spokesperson explains:
“By collaborating with Citi and other leading banks, asset managers, and payment providers, we are building the infrastructure the global economy needs to scale digital asset solutions.”
Step by step, the wholesale global adoption of cryptos picks up pace.
Curious Cryptos’ Commentary – Western Union
Western Union has announced plans to launch its own USD stablecoin, USDPT (US dollar payment token) on the Solana blockchain:
Made possible by the recent passing into law of the GENIUS Act which has torn down many of the previous barriers created to try to slow the crypto revolution, this launch will be accompanied by the Digital Asset Network designed specifically to create on/off ramps to the crypto world. Devin McGranahan, President and CEO of Western Union, explains:
"As we evolve into the digital assets space, Western Union’s USDPT will allow us to own the economics linked to stablecoins. Separately, we are excited to announce our Digital Asset Network, a solution for the last mile of the crypto journey by partnering with wallets and wallet providers to provide customers with seamless access to cash off-ramps for digital assets by leveraging our global network. Our Digital Asset Network and USDPT will be an enabler in achieving our mission to make financial services accessible to people everywhere.”
Crypto adoption can be seen anywhere one cares to look.
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