Coinbase Launches Crypto Pilot Projects with Major U.S. Banks

Coinbase is partnering with major US banks for pilot projects exploring stablecoins and trading, potentially driving wider institutional adoption of cryptocurrencies. The news comes after CEO Brian Armstrong announced partnerships with several banks at the DealBook Summit on December 4th. This move signifies a shift towards greater institutional interest in crypto assets, which could accelerate stablecoin utilization and boost market sentiment for cryptocurrencies like Bitcoin and Ethereum.