Coinbase to power crypto custody for Facebook’s Novi

Facebook has chosen Coinbase as its custody partner for its pilot of Novi, a new digital wallet that enables people to send and receive money abroad instantly, securely, and with no fees.For the pilot, Coinbase is supporting Novi via Coinbase Custody, which keeps user funds secure with our proprietary, fully segregated cold storage capability for managing private keys.Novi users who can participate in the pilot can acquire Pax Dollar (USDP) through their Novi account, which Novi will hold on dep...