Coinbase and Moov Bring Stablecoin Rails to Community Banks

Coinbase and payments platform Moov have partnered to provide stablecoin payment acceptance, settlement, and real-time funding capabilities to over 1,000 community banks and credit unions in the US.

The partnership aims to make these capabilities available through existing systems rather than requiring each institution to build separate crypto infrastructure.

Movo will embed Coinbase's stablecoin infrastructure into its payments platform, including CDP Custodial Wallet accounts and Coinbase's Payments API.