Coinbase Brings Stablecoins to Thousands of US Community Banks

Coinbase has partnered with payments infrastructure provider Moov to bring stablecoin payment services to more than 1,000 U.S. community banks and credit unions.

The integration will provide payment acceptance, settlement, and real-time funding through existing financial technology systems.

M Kov will connect Coinbase's infrastructure with existing banking payment systems, allowing smaller banks to offer stablecoin services without developing separate cryptocurrency technology stacks.

Coinbase Vice Chair Ryan VanGrack said community banks and credit unions have already seen customers use digital assets.

The partnership aims to provide regulated infrastructure directly through systems these institutions already operate.