More than 1,000 community banks and credit unions could soon offer stablecoin payments, settlement, custody and real-time funding through a partnership between Coinbase and payments infrastructure provider Moov.
Announced on Sept. 10, the agreement will connect Coinbase’s digital asset infrastructure with Moov’s network of more than 1,000 community financial institutions. It is intended to allow smaller banks and credit unions to provide stablecoin services without building and operating their own digital asset systems.
Moov will use the Coinbase Developer Platform’s Custodial Wallet accounts to hold funds, while its Payments API will manage stablecoin transfers. The integration is designed to support consumer payments, merchant acceptance and settlement, payouts, and real-time funding.
Coinbase will provide the digital asset infrastructure, with Moov connecting those services to the payment systems already used by participating institutions.
“Business customers of community institutions are already being asked to accept stablecoins, and today they go outside their institution to do it. We built this so the answer comes from their primary FI instead,” said Moov co-founder and CEO Wade Arnold.
Moov’s existing platform already provides financial institutions with tools for accepting payments, issuing cards, transferring money and managing stored balances. That infrastructure gives the partnership a route to introduce Coinbase’s services without requiring every bank or credit union to develop separate wallets, custody arrangements and stablecoin transaction systems.
The agreement comes as regulators allow banks to play a larger role in digital asset services. The Office of the Comptroller of the Currency (OCC) confirmed in March 2025 that national banks and federal savings associations may provide crypto custody, stablecoin reserve and payment services, provided they meet applicable legal, supervisory and risk management requirements.
Stablecoins are digital assets generally designed to track an external reference, most commonly the U.S. dollar. Fiat-backed tokens seek to maintain that value through reserves, redemption rights and market activity. Their ability to transfer dollar-like value onchain around the clock can support merchant payments, remittances, settlement and treasury operations outside normal banking hours.
However, maintaining a stable price is an objective rather than a guarantee. Risks vary according to a token’s structure and backing, and banks must consider reserve quality, issuer reliability, redemption access, custody controls, blockchain security, regulatory compliance and the possibility of a token losing its intended peg.
The Moov deal is part of Coinbase’s wider push to connect digital assets with regulated financial services. Its October 2025 national trust charter application sought a federal structure for custody, payments and related services under OCC oversight. The OCC granted preliminary conditional approval on April 2.
Coinbase also announced a June partnership linking USDC settlement to Masspay’s 180-country network. Eligible businesses can fund payments in dollars, convert funds into USDC and deliver digital assets or local currency through existing enterprise workflows.
Community banks remain divided over the possible effect of stablecoins on deposits and lending. The Independent Community Bankers of America has called for a ban on stablecoin rewards, estimating that deposit migration could reduce deposits by $1.3 trillion and local lending by $850 billion.
Coinbase has also filed two notices with the Securities and Exchange Commission (SEC) to offer single-stock perpetual futures to U.S. traders.
