Coinbase Teams Up with Moov to Connect Over 1,000 U.S. Banks with Stablecoin Payments

Coinbase has partnered with Moov to connect over 1,000 U.S. community banks and credit unions with stablecoin payments, custody, merchant settlement, and real-time funding.

The partnership will allow these financial institutions to offer stablecoin acceptance, settlement, and real-time funding through their existing banking systems without having to construct and maintain their own blockchain systems.

Coinbase will provide custodial wallets and payment APIs while Moov handles institutional integrations directly nationwide. The companies did not give a commercial launch date or identify the first participating banks.