Coinbase has partnered with payments infrastructure provider Moov to integrate stablecoin payment and custody capabilities into Moov’s platform, which serves more than 1,000 community banks and credit unions across the United States.
According to an announcement on September 10, the integration connects Coinbase’s Payments API and custodial wallet technology with Moov’s payments platform. Initial use cases include stablecoin payments, merchant acceptance, settlement, and real-time funding.
The rollout will initially cover stablecoin payment acceptance, settlement, and real-time funding, with potential applications including consumer payments, merchant transactions, and business payouts.
Moov adds Coinbase infrastructure to payments platform
Moov will use Coinbase’s Payments API and Custodial Wallet accounts as part of the integration.
The initial services include:
- Consumer stablecoin payments
- Merchant acceptance
- Merchant settlement
- Business payouts
- Real-time funding
Moov already provides payments infrastructure to community financial institutions. The Coinbase integration adds stablecoin functionality to those existing services.
The companies did not disclose how many institutions will initially activate the new capabilities.
Businesses are seeking stablecoin payment options
The companies said some business customers of community financial institutions are increasingly being asked to accept stablecoins but currently turn to outside providers for those services.
Moov CEO Wade Arnold said business customers of community financial institutions are increasingly being asked to accept stablecoins but currently have to rely on outside providers for those services.
Coinbase Vice Chair and Head of Corporate Affairs Ryan VanGrack said the partnership is intended to allow community financial institutions to offer digital-asset services through their existing relationships with customers.
“Community banks and credit unions have witnessed their customers use digital assets for years. Through our partnership with Moov, Coinbase is delivering the regulated infrastructure they need to offer these services directly.”
The comments reflect the companies’ rationale for the partnership, but actual demand will depend on how many institutions adopt the services and how frequently their customers use them.
Merchant acceptance and settlement are initial focus
The first use cases center on payments rather than cryptocurrency trading.
Merchants can use the infrastructure for stablecoin acceptance and settlement, while businesses can use it for payouts and funding.
Moov CEO Wade Arnold said:
“Merchants need acceptance and disbursement now.”
He added that stablecoin-based payment rails could eventually support funding outside traditional banking schedules.
Whether those benefits translate into faster or lower-cost payments will depend on the specific institutions and payment flows using the system.
Jill Castilla, chairman, president and CEO of Citizens Bank of Edmond, said small-business customers want lower payment costs and faster settlement.
“Today, our small business customers are looking for ways to lower interchange costs and get paid faster.”
Coinbase extends digital-asset infrastructure partnerships
The Moov partnership follows several Coinbase initiatives involving stablecoins and other digital assets.
In June, Coinbase partnered with Spiko to connect stablecoin users with regulated European UCITS money-market funds. The arrangement focused on transfers between stablecoins and Treasury bill funds without relying on conventional bank transfers and T+2 settlement.
Coinbase has also provided crypto trading and custody infrastructure to Webull Canada, adding digital-asset services to the brokerage platform.
In August, Bitwise launched automated portfolios using tokenized U.S. stocks through Coinbase’s infrastructure, including portfolios focused on the Magnificent 7, artificial intelligence and robotics.
The three partnerships involve different products, but each uses Coinbase’s infrastructure alongside another financial platform’s existing services.
The Moov deal applies a similar model to payment infrastructure used by community financial institutions.
Stablecoins move further into payment infrastructure
Stablecoins are increasingly being used beyond cryptocurrency trading, including for payments, settlement and movement of funds between financial platforms.
The Coinbase-Moov integration brings those use cases into a payments network serving community banks and credit unions.
The next question is how many participating institutions will activate the services and whether merchants and customers adopt stablecoin payments at scale.
For now, the partnership gives Coinbase another financial-infrastructure channel for stablecoin services while expanding Moov’s existing payments network to include digital assets.
Also Read: U.S. Bank Launches Its Own USBDC Stablecoin on the StellarOrg Network
