Coinbase expands Citi stablecoin role as TON withdrawals face delays
According to TradingView, Coinbase broadened its Citi partnership on stablecoins, while TON withdrawals have been delayed since 05:29 UTC on October 16.
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what happened
Coinbase (COIN) has widened its partnership with Citi in stablecoin services. According to TradingView, Coinbase will handle stablecoin transactions and convert payments into fiat, while Citi will serve as bank of record, settling merchant funds.
Separately, Coinbase reported that TON withdrawals have been delayed since 05:29 UTC on October 16. Receiving, trading and fiat transfers have continued to work normally. The issue is linked to withdrawal processing on Coinbase's side and is under investigation.
why it matters
For markets the news is mostly operational: a deeper Citi role strengthens Coinbase's stablecoin settlement setup, while the TON delay affects a single asset and does not touch trading or fiat transfers. Watch for the outcome of the investigation and a timeline for restoring withdrawals.
market impact
COIN: deeper stablecoin infrastructure with Citi; TON withdrawal delay is a narrow, asset-specific issue
tags
instruments
sources
- Key facts: Coinbase (COIN) expands Citi stablecoin role; TON withdrawal — ru.tradingview.com, 17 October 2026 at 07:00 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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