Coinbase and Moov Partner on Stablecoin Infrastructure for US Banks

Coinbase has partnered with financial services provider Moov to give US banks and credit unions tools for working with stablecoins, including accepting such assets, settlements, and real-time funding.

The partnership will provide digital asset infrastructure from Coinbase, connected to Moov's payment systems used by local banks and their clients. This is intended to give banks access to stablecoin functions within their existing systems.

M Kov serves more than 1,000 local banks and credit unions in the US, connecting them to payment card acquiring and issuance, as well as real-time payment systems.