Coinbase Partners with Banks on Crypto and Stablecoin Pilot Projects

Core Insights - Coinbase is collaborating with major U.S. banks to pilot programs focused on stablecoins, crypto custody, and trading [1][2] - CEO Brian Armstrong emphasized that banks embracing digital assets will thrive, while those resisting will fall behind [2] - Coinbase has previously announced partnerships with banks like Citi, JPMorgan Chase, and PNC Bank to enhance digital asset services [3][4][6] Collaboration with Banks - Coinbase plans to work with Citi to develop digital asset payment capabilities for institutional clients, with potential future expansion [3] - The partnership with JPMorgan Chase aims to allow customers to use Chase credit cards to fund Coinbase accounts and link Chase bank accounts to Coinbase wallets [4][5] - Coinbase and PNC Bank are developing a solution for PNC clients to buy, hold, and sell cryptocurrencies, along with additional crypto financial solutions [6]