Coinbase and Moov Bring Stablecoin Infrastructure to Community Banks

Coinbase and Moov have joined forces to provide stablecoin infrastructure for over 1,000 US community banks.

The partnership combines Coinbase's regulated digital asset infrastructure with Moov's payments platform to offer stablecoin acceptance, settlement, and real-time funding capabilities.

This infrastructure will support various use cases, including consumer stablecoin payments, merchant settlement, and payouts. Businesses and merchants will also have access to Coinbase custodial accounts.

The announcement comes as larger US banks explore stablecoin infrastructure. U.S. Bank recently completed a live cross-border payment using its proprietary USBDC stablecoin on the Stellar blockchain.