Coinbase Teams with Moov for Stablecoin Payment Services at Community Banks

Coinbase has partnered with payments infrastructure provider Moov to bring stablecoin payment services to more than 1,000 community banks and credit unions. The partnership aims to integrate stablecoin acceptance, settlement, and real-time funding into existing technology systems used by financial institutions.

The collaboration will allow participating banks and credit unions to support several stablecoin-related use cases without the need for developing a separate crypto infrastructure stack.

Coinbase Head of Corporate Affairs Ryan VanGrack said community banks and credit unions have seen their customers use digital assets for years, and this partnership will provide regulated infrastructure that allows these institutions to offer stablecoin services directly through their existing systems.