Coinbase Teams with Moov for Stablecoin Capabilities at Community Banks

Coinbase has partnered with Moov to offer stablecoin capabilities to community banks.

The partnership aims to add acceptance, settlement and real-time funding directly into the systems used by these institutions.

Ryan VanGrack, vice chair and head of corporate affairs at Coinbase, said in a news release: 'Community banks and credit unions have witnessed their customers use digital assets for years. Through our partnership with Moov, Coinbase is delivering the regulated infrastructure they need to offer these services directly, embedded right into their existing systems.'

The integration will support consumer stablecoin payments, merchant acceptance, merchant settlement, and payouts.