Coinbase Stock Surges as Stablecore Partnership Expands Crypto Access to Thousands of US Banks
Coinbase's stock price soared by 5.75% to $173.97 on September 17, driven by the company's partnership with Stablecore to expand crypto services across over 3,000 US banks.
The agreement allows community and regional banks and credit unions to offer crypto trading, custody, and stablecoin payments within their existing banking platforms using Stablecore's technology.
This move marks a significant expansion for Coinbase beyond its direct exchange business, positioning its regulated infrastructure behind traditional banks.