Coinbase partners with Moov to provide stablecoin infrastructure for community banks

Coinbase has partnered with the payments platform Moov to enable community banks and credit unions to offer stablecoin services to their business customers. Under the agreement announced on September 10, Coinbase will provide its CDP Custodial Wallet and Payments API to handle custody and transaction processing, while Moov integrates these services into its existing platform. This arrangement allows financial institutions to maintain their customer relationships while leveraging Coinbase's infrastructure. The specific terms regarding economics, data management, and operational risk have not yet been disclosed.