Coinbase Expands Stablecoin Infrastructure to 1,000 US Community Banks

Coinbase has partnered with Moov to bring stablecoin payments to over 1,000 US community banks and credit unions. This integration will support various payment functions, including consumer payments, merchant acceptance, settlement, and real-time funding.

The partnership allows Coinbase to provide its Payments API and custodial wallets through Moov's existing banking platform. This means that these financial institutions can offer stablecoin payments without having to build their own crypto systems.

Coinbase Head of Corporate Affairs Ryan VanGrack said, 'Community banks and credit unions have witnessed their customers use digital assets for years.'