Coinbase Brings Stablecoin Payments to 1,000+ Community Banks via Moov Deal

Coinbase has partnered with payments provider Moov to bring stablecoin payment acceptance, settlement, and real-time funding to more than 1,000 community banks and credit unions. The deal hands them stablecoin rails through a provider they already use.

The integration supports consumer payments, merchant acceptance, settlement, and payouts, with fully disclosed custodial accounts available for business and merchant payments. Community banks in the US typically hold less than $10 billion in total assets, and few have the resources to build crypto infrastructure themselves.

Ryan VanGrack, Coinbase's head of corporate affairs, said community banks and credit unions 'have witnessed their customers use digital assets for years.' He added that 'Modern tech should meet local institutions where they are, giving them the tools to compete with the largest players while preserving what makes them trusted pillars of their communities.'