PNC Bank has partnered with Coinbase to allow private clients to purchase and hold Bitcoin in their existing accounts. This is the first time that a major bank in the United States has provided such services. （Bitcoin Archive）

[Circle Partners with Aleo to Launch Privacy Stablecoin USDCx] Circle co-founder and CEO Jeremy Allaire announced a partnership with Aleo to launch a privacy version of the stablecoin, USDCx. Aleo co-founder Howard Wu stated that USDCx will conceal transaction history, addressing the concerns of large institutional clients who do not wish to disclose balances and payment histories. Each USDCx transaction includes compliance records, which Circle can access upon law enforcement inquiries, but it is displayed to the public as data blocks, offering bank-grade privacy.

Bank giant PNC, with assets of up to $400 billion, will provide Bitcoin trading services. （The Bitcoin Historian）

[PNC Partners with Coinbase to Offer Bitcoin Trading to High-Net-Worth Clients] On December 9, high-net-worth clients of PNC Financial Services Group can now directly trade Bitcoin through their investment accounts, achieving the initial goal set when PNC announced its partnership with Coinbase in July. Brett Tejpaul, Co-Head of Institutional Business at Coinbase, stated that through the collaboration with PNC, Coinbase provides brokerage services and technology integration, enabling clients to trade Bitcoin in any amount.

The German car giant used JPMorgan’s permissioned Kinexys Digital Payments network to do the FX transaction.