The sixth-largest bank in the US just announced a strategic partnership with Coinbase in a push to massively expand digital asset access for banking clients and institutional investors.
PNC says it will allow customers to buy, hold and sell Bitcoin and crypto assets while also providing banking and treasury management services for Coinbase.
PNC CEO Bill Demchak tells CNBC the partnership will support clients who use stablecoins for payments, empowering digital money movement across retail, wealth and corporate clients.
“We’re not going to produce a stablecoin per se, certainly not in our own name, but we’ll be a wallet, a provider for any coin that any of our clients want to use.”
Demchak says PNC and Coinbase explored a similar partnership years ago but paused due to regulatory restrictions.
Follow us on X, Facebook and Telegram
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
