Coinbase, Moov Bring Stablecoin Infrastructure to US Community Banks

Coinbase and Moov are teaming up to bring stablecoin infrastructure to over 1,000 community banks and credit unions in the US. The partnership combines Coinbase's regulated digital asset infrastructure with Moov's payments platform.

The resulting infrastructure will enable these financial institutions to accept, settle, and fund transactions using stablecoins in real-time. This includes consumer stablecoin payments, merchant settlement, and payouts.

This move comes as some of the largest US banks experiment with stablecoin infrastructure. U.S. Bank recently completed a live cross-border payment using its proprietary USBDC stablecoin on the Stellar blockchain.