PARTNERSHIP | The Largest Bank in the U.S Partners with the Largest Crypto Exchange in the U.S

Leading American crypto exchange, Coinbase, has partnered with the world’s leading bank, JPMorgan Chase, to help facilitate intra-day settlement for Circle’s USDC stablecoin.

According to a Bloomberg report, the partnership allows JPMorgan to support Coinbase’s USDC-related settlement activities, streamlining operations for the crypto exchange via its own Layer 2 blockchain, Base.

The 3 ways both firms are partnering will include:

• The ability to transfer Chase Ultimate Rewards to USDC
• The ability to use Chase credit cards to fund your Coinbase account, and
• A new direct bank integration

The move is part of a broader effort to improve efficiency and bolster trust around the second-largest stablecoin by market cap.

JPMorgan, with over 80 million customers, is not directly holding USDC. Instead, it will help Coinbase manage the cash legs of transactions involving the dollar-pegged token, Bloomberg said, citing people familiar with the matter.

“This partnership marks a significant step forward in empowering our customers to take control of their financial futures,” said Melissa Feldsher, Head of Payments and Lending Innovation for JPMorganChase.

Coinbase added that the partnership was “just the beginning,” hinting at additional integrations planned over time.

Enabling credit card point conversions to USDC and direct bank account linking lowers the barrier for everyday users to access stablecoins. This could accelerate adoption among retail and mass-affluent customers already within Chase’s ecosystem. Partnering with a major U.S. bank also signals a shift in the post-guidance landscape, where clearer regulatory oversight is giving banks more confidence to engage with crypto-adjacent services.

The partnership with JPMorgan marks a significant step as traditional financial institutions continue to engage with blockchain-based digital assets. Earlier this year, Circle launched its new smart contract platform, Perimeter Protocol, and has been deepening its links with banks and fintechs globally.

Coinbase said:

“We believe crypto is for everyone, and are excited to be working with JPMorgan to expand access, lower barriers to entry, and onboard the next wave of users into crypto.

As the most trusted bridge from traditional finance to crypto, we’re always looking for more seamless options for customers to get into crypto and make economic freedom a reality for millions of Americans.

This is just the beginning.”

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