Coinbase and Moov partner to bring stablecoins to community banks

Coinbase and payments infrastructure company Moov announced a partnership on Thursday to bring stablecoin capabilities to Moov's customer base of more than 1,000 community banks and credit unions across the U. The deal gives more than 1,000 community banks and credit unions access to stablecoin payment acceptance, settlement, and real-time funding Coinbase and payments infrastructure company Moov announced a partnership on Thursday to bring stablecoin capabilities to Moov's customer base of more than 1,000 community banks and credit unions across the U. Under the agreement, Coinbase will supply the regulated digital asset infrastructure, and Moov will fold those capabilities into its payments platform — a system that already links community financial institutions to card acquiring and issuing and real-time payment rails. The partnership will support stablecoin payment acceptance, merchant settlement, and real-time funding without requiring banks to build a separate technology stack, the company said. "Community banks and credit unions have witnessed their customers use digital assets for years," said Ryan VanGrack, vice chair and head of corporate affairs at Coinbase, in a statement.