Major banks running stablecoin, crypto-trading pilots with Coinbase, Armstrong says

Speaking at The New York Times DealBook Summit, Coinbase CEO Brian Armstrong revealed that major US banks are currently running early pilots involving stablecoins, crypto custody, and digital-asset trading in partnership with Coinbase. Armstrong did not name the specific institutions but cautioned that banks slow to adopt crypto risk being left behind. During a joint panel with BlackRock CEO Larry Fink, both leaders expressed positive views on Bitcoin, with Armstrong dismissing the idea of it falling to zero and Fink acknowledging a significant use case. Despite this collaboration, the relationship between Coinbase and traditional banks remains adversarial, highlighted by banking lobbying groups warning Congress about stablecoins undermining the credit model and pushing back against Coinbase's national trust charter application.

(Source：Cointelegraph)