Cryptocurrency exchange Coinbase has joined forces with financial platform Moov to deliver stablecoin infrastructure to more than 1,000 community banks and credit unions across the United States that already operate within Moov’s customer network.
What the Partnership Covers
According to an announcement published on Thursday, the collaboration merges Coinbase’s regulated digital asset infrastructure with Moov’s payments platform. Together they will offer stablecoin payment acceptance, settlement, and real-time funding capabilities to participating institutions.
The infrastructure is designed to support a range of use cases, including consumer stablecoin payments, merchant settlement, and payouts. Businesses and merchants connected to the network will also gain access to Coinbase custodial accounts.
What Community Banks Are
Community banks in the US are generally defined as institutions holding less than 10 billion dollars in total assets. The category encompasses state-chartered institutions as well as savings and loan holding companies.
Broader Stablecoin Push Across US Finance
The Coinbase-Moov deal lands as stablecoin adoption accelerates across the wider US banking sector. On Wednesday 9 September, U.S. Bank, the fifth-largest commercial bank in the country, completed a live cross-border payment using its proprietary USBDC stablecoin on the Stellar blockchain.
Earlier in September, 21 financial institutions announced plans to form a company aimed at issuing stablecoins, with a US dollar-denominated stablecoin targeted for launch in the first half of 2027. The group includes Bank of America, Citi, Goldman Sachs, Deutsche Bank, and UBS.
Non-Bank Players Also Moving In
Traditional financial services companies outside banking are also staking positions in the stablecoin space. In August, Western Union partnered with stablecoin infrastructure provider Rain to introduce a digital wallet and a Visa-branded card that allows users to hold and spend a US dollar-backed stablecoin.
