Cryptocurrency exchange platform Coinbase has partnered with payments infrastructure provider Moov to deliver stablecoin capabilities to community banks and credit unions across the United States. The collaboration allows more than 1,000 local financial institutions using Moov’s network to offer stablecoin payment acceptance, settlement, and real-time funding without having to construct an entirely separate digital asset infrastructure.
Under the terms of the agreement, Coinbase will supply the underlying regulated digital asset tech stack, while Moov will integrate those functions directly into its existing payments platform. Moov currently provides small-to-midsize financial institutions with connections to card acquiring, card issuing, and real-time payment systems. By embedding Coinbase Developer Platform’s Custodial Wallet accounts and Payments API into its existing software, Moov enables banks to seamlessly facilitate consumer stablecoin transactions, merchant processing, disbursements, and payouts.
Executives from both companies framed the initiative as a way to level the playing field for regional financial institutions, allowing them to remain the primary service provider for local businesses that are already seeking digital asset options. Ryan VanGrack, Vice Chair and Head of Corporate Affairs at Coinbase, emphasized that the partnership delivers regulated tools directly into the systems community banks already use. Wade Arnold, Co-Founder and CEO of Moov, noted that merchants looking for continuous 24/7 settlement will no longer need to seek external providers, keeping vital business deposits anchored within local financial networks.
Community bank leadership has expressed enthusiasm for the move, highlighting small business demand for faster payments and lower transaction fees. Jill Castilla, Chairman, President, and CEO of Oklahoma-based Citizens Bank of Edmond, noted that the technology will give local main street businesses the ability to cut interchange costs and move capital rapidly. The companies indicated that while initial services focus on payment processing and real-time funding, they plan to explore further integrations between stablecoins and traditional community banking products over time.
