Coinbase Teams with Moov to Bring Stablecoin Infrastructure to 1,000+ US Community Banks
Coinbase has partnered with Moov to bring stablecoin infrastructure to over 1,000 community banks and credit unions in the US. This partnership aims to expand access to stablecoin payment acceptance, settlement, and real-time funding capabilities for these institutions.
The integration will combine Coinbase's regulated digital asset infrastructure with Moov's payments platform, enabling consumer stablecoin payments, merchant settlement and payouts, and providing businesses access to Coinbase custodial accounts. This move is part of a broader momentum among US banks and payments firms testing stablecoin infrastructure.
Community banks typically have fewer resources than large national banks, making it difficult for them to build their own stablecoin infrastructure. By partnering with Moov, Coinbase is positioning its regulated stack as a service layer for these institutions.