Coinbase and Moov Bring Stablecoin Infrastructure to Community Banks

Coinbase and Moov are teaming up to bring stablecoin infrastructure to community banks in the US. Over 1,000 banks and credit unions that use Moov's platform will gain access to a regulated digital asset infrastructure for stablecoin payment acceptance, settlement, and real-time funding.

The partnership combines Coinbase's expertise with Moov's payments platform, supporting use cases like consumer stablecoin payments, merchant settlement, and payouts. Businesses and merchants will also be able to access Coinbase custodial accounts through this infrastructure.

This move comes as some of the largest US banks are experimenting with stablecoin technology. U.S. Bank recently completed a live cross-border payment using its proprietary USBDC stablecoin on the Stellar blockchain.