Coinbase Partners with Moov for Stablecoin Payments in Community Banks

Coinbase and Moov have partnered to bring stablecoin payments to community banks and credit unions. This partnership will allow local institutions to offer stablecoin services to their customers, while Coinbase supplies the custody and transaction infrastructure behind it.

Moov CEO Wade Arnold stated that business customers currently go outside their primary financial institution to accept stablecoins. Moov and Coinbase want to change this by offering the service inside the institution's existing payments experience.

The partnership will integrate Coinbase's stablecoin payments infrastructure into Moov's platform for financial institutions. Coinbase's CDP Custodial Wallet accounts will provide fund custody, and its Payments API will orchestrate stablecoin movement. Moov will connect these functions to the systems used by its bank and credit-union customers.