Coinbase, Moov to provide stablecoin infrastructure for US community banks
Summary
Coinbase and Moov are teaming up to provide stablecoin infrastructure to more than 1,000 community banks and credit unions in Moov’s network. The service will combine Coinbase’s regulated digital asset infrastructure with Moov’s payments platform to enable stablecoin payment acceptance, settlement, real-time funding, consumer payments, merchant payouts, and custodial accounts for businesses and merchants. The move comes as major US banks and non-bank firms accelerate stablecoin experiments and product launches.
