More than 1,000 community banks and credit unions may gain access to stablecoin payments, settlement services, custody, and real-time funding through a new partnership linking Coinbase’s digital asset infrastructure with Moov’s established payments network.
Stablecoin Payments Expand Into Community Banking
Smaller financial institutions could provide stablecoin services without having to build and maintain separate digital asset infrastructure under a partnership announced on Sept. 10. Crypto exchange Coinbase (Nasdaq: COIN) and payments infrastructure firm Moov will link stablecoin capabilities across Moov’s customer network of more than 1,000 community banks and credit unions.
Moov will rely on Coinbase Developer Platform’s Custodial Wallet accounts to store funds and use its Payments API to handle stablecoin transfers. The integration is intended to support consumer transactions, merchant payments, merchant settlement, payouts, and real-time funding. Coinbase provides the underlying digital asset infrastructure, while Moov connects it with the payment systems already used by participating institutions.
“Community institutions are already being approached by business customers who want to accept stablecoins, but they currently have to turn to outside providers for that service. We built this solution so their primary financial institution can provide the answer instead,” Moov co-founder and CEO Wade Arnold said.
“Merchants need acceptance and disbursement now. What comes next is bigger: funding that doesn’t stop for weekends or holidays, because the rail doesn’t close. Institutions that add this now will be positioned for both.”
Moov Connects Crypto Rails With Existing Payment Systems
Financial institutions that use Moov already have access to infrastructure for processing payments, issuing cards, transferring funds, and managing stored balances. The company’s existing payment platform provides an established pathway for integrating Coinbase’s capabilities without forcing each participating bank or credit union to develop its own wallets, custody solutions, and stablecoin transaction infrastructure.
The regulatory landscape has also moved toward allowing banks to play a larger role in digital asset services. In March 2025, the Office of the Comptroller of the Currency (OCC) confirmed that national banks and federal savings associations could provide crypto custody, stablecoin reserve, and payment services while complying with relevant legal, supervisory, and risk management requirements.
Stablecoins are digital assets created to follow an external benchmark, most commonly the U.S. dollar, instead of experiencing the same price swings as bitcoin and other cryptocurrencies. Fiat-backed tokens typically aim to preserve their peg through reserves, redemption mechanisms, and market activity. They allow dollar-like value to be transferred onchain at any time, supporting merchant transactions, remittances, settlements, and treasury functions beyond traditional banking hours.
Price stability remains a design goal rather than a guaranteed outcome. The types, applications, and risks associated with stablecoins can differ based on their backing and underlying structure. Banks must evaluate reserve quality, issuer credibility, redemption access, custody safeguards, blockchain security, regulatory compliance, and the risk of a token losing its intended peg.
Coinbase Expands Its Crypto Payments Strategy
The Moov partnership builds on Coinbase’s wider push to integrate digital assets with regulated financial services. In October 2025, the company filed for a national trust charter, seeking a federal framework that could enable custody, payments, and related services under OCC supervision. The OCC later granted preliminary conditional approval for the application on April 2.
Coinbase has also expanded its stablecoin integrations beyond traditional banking. A partnership announced in June linked USDC settlement with Masspay’s network spanning 180 countries, enabling eligible businesses to fund payments in dollars, convert those funds into USDC, and send digital assets or local currencies through established enterprise payment workflows.
Community banks remain split over the potential impact of stablecoins on deposits and lending, even as payment integrations continue to advance. The Independent Community Bankers of America has called for stablecoin rewards to be banned, warning that shifts in deposits could reduce banking deposits by an estimated $1.3 trillion and local lending by roughly $850 billion.
