Coinbase, Moov to provide stablecoin infrastructure for US community banks

Cryptocurrency exchange Coinbase is partnering with payments platform Moov to deploy stablecoin infrastructure across over 1,000 community banks and credit unions that use Moov’s services. The companies say the integration will merge Coinbase’s regulated digital-asset systems with Moov’s payments stack to enable acceptance and settlement of dollar-pegged tokens, along with real-time funding capabilities. The platform is intended to handle a range of payment flows, including consumer purchases with stablecoins, merchant settlement and business payouts. As part of the offering, merchants and businesses on Moov’s network will be able to use Coinbase custodial accounts, simplifying custody and settlement for participants that may lack in-house crypto infrastructure. Community banks in the United States—generally defined as institutions with under $10 billion in assets and including state-chartered banks and savings-and-loan holding companies—stand to gain access to tokenized-dollar rails that larger banks have begun to explore. The announcement follows activity among major financial players: U.S. Bank recently completed a live cross-border transfer using its USBDC stablecoin on the Stellar blockchain, and 21 global financial institutions disclosed plans to form a company to issue stablecoins, including a US dollar option expected in the first half of 2027. Non-bank entrants are also expanding in the space: in August, Western Union partnered with Rain to launch a digital wallet and a Visa-branded card that lets users hold and spend a US dollar-backed stablecoin. The Coinbase–Moov collaboration adds another channel for smaller banks and credit unions to plug into growing stablecoin payment and settlement networks.