Coinbase Teams with Moov on Stablecoin Deal for 1,000+ Community Banks

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 deal will allow these institutions to offer stablecoin services without constructing and maintaining their own blockchain systems.

Coinbase will supply the digital asset custody and payment tools, while Moov will connect them with the existing systems used by its community bank and credit union customers.

Banks will be able to use Coinbase's Payments API to coordinate stablecoin transfers, allowing Moov to place blockchain functions inside its existing payment product.