Over 1,000 Financial Institutions Will Be Able to Offer Stablecoin Payments Without Building New Systems

Coinbase and Moov have partnered to bring stablecoin payments to the existing systems of over 1,000 community banks and credit unions.

The collaboration between Coinbase and payment infrastructure provider Moov aims to offer over 1,000 community banks and credit unions services such as stablecoin payment acceptance, settlement, and real-time funding. The partnership aims to connect these features to existing banking infrastructures without building a new crypto system.

In the planned integration, Coinbase’s Payments API and custodial wallets will be added to Moov’s existing payment platform. This will allow institutions to offer services such as consumer payments, merchant stablecoin acceptance, payment settlement, and disbursements.

Stablecoin Infrastructure to Be Brought to Small Financial Institutions

Ryan VanGrack, Coinbase’s lead for institutional relations, stated that local banks and credit unions need new technologies compatible with their current systems to compete with large financial institutions. Moov will provide access to these institutions through its existing payment platform.

Jill Castilla, CEO of Citizens Bank of Edmond, said small businesses are looking for lower payment costs and faster collection. The use cases targeted by the partnership include stablecoin-based solutions that can enable businesses to receive payments faster.

Coinbase’s banking strategy is expanding from crypto trading and custody services toward providing embedded payment infrastructure that traditional financial institutions can use directly. The company partnered with PNC in July 2025 to offer crypto services to banking customers and subsequently established similar connections with Citi and JPMorgan.