TechFlow, Dec 4 — According to Bloomberg, Coinbase Global Inc. CEO Brian Armstrong revealed on December 4 that several major banks are collaborating with the cryptocurrency exchange on pilot projects involving stablecoins, custody, and trading. Armstrong said, "The best banks are viewing this as an opportunity, while those resisting will be left behind." While he did not name the specific banks involved, the announcement signals that traditional financial institutions are accelerating their moves into the digital asset space.
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