Facebook Chooses Coinbase As Custody Partner for New Digital Wallet Rollout.
20 Oct 2021, 08:00
Facebook Chooses Coinbase As Custody Partner for New Digital Wallet Rollout
Social media giant Facebook is launching the Novi crypto wallet today in the United States and Guatemala.
The initial rollout only allows users to trade the Paxos Dollar (USDP) stablecoin, which is secured by Coinbase.
An announcement on the Coinbase Blog says,
“Novi users’ funds will be held within Coinbase Custody Trust Company, a qualified custodian and a New York limited purpose trust company.