Coinbase Expands Stablecoin Services to Thousands of Local US Banks

Coinbase is expanding its services by partnering with Moov to provide a stablecoin infrastructure for over 1000 local banks and credit unions in the US.

The new system will enable these financial institutions to accept payments, settle transactions, and manage real-time funding using stablecoins.

According to Coinbase, this move is aimed at supporting smaller local banks with assets under $10 billion, which are a key target for this service.