Coinbase Partners With Major U.S. Banks on Stablecoins Pilot for Custody and Trading, Says CEO Armstrong

COINOTAG News, reporting on Bloomberg, notes that Coinbase Global Inc. chief executive Brian Armstrong stated that several of the largest U.S. banks are partnering with Coinbase to run pilots centered on stablecoins, cryptocurrency custody, and trading. Armstrong described the banking community as viewing these pilots as a strategic opportunity, while intentionally not naming participating institutions. The comments reflect a tangible shift toward institutional engagement as traditional lenders explore crypto-enabled services.

Armstrong underscored the sentiment with, “The best banks are seeing this as an opportunity.” He emphasized that he did not disclose which banks are involved. The statement echoes a broader move toward collaboration between established banks and crypto platforms as they assess governance, risk controls, and settlement workflows. Those institutions that resist this trend may risk losing speed and relevance in a rapidly evolving financial landscape.