Banks Explore Stablecoin Partnerships with Coinbase Amid Shifting Market Dynamics

Major banks are secretly collaborating with Coinbase on pilot programs focused on stablecoins, digital asset custody, and crypto trading, according to Coinbase CEO Brian Armstrong. He revealed these partnerships during a recent event at the New York Times DealBook Summit. While he did not disclose which institutions were involved, his comments suggest that traditional financial players are increasingly embracing the growing digital asset market.