Coinbase and Moov partner to bring stablecoins to community banks

Coinbase and payments infrastructure company Moov announced a partnership on Thursday to bring stablecoin capabilities to Moov's customer base of more than 1,000 community banks and credit unions across the U.S.

Under the agreement, Coinbase will supply the regulated digital asset infrastructure, and Moov will fold those capabilities into its payments platform — a system that already links community financial institutions to card acquiring and issuing and real-time payment rails. The partnership will support stablecoin payment acceptance, merchant settlement, and real-time funding without requiring banks to build a separate technology stack, the company said.

"Community banks and credit unions have witnessed their customers use digital assets for years," said Ryan VanGrack, vice chair and head of corporate affairs at Coinbase, in a statement. "Through our partnership with Moov, Coinbase is delivering the regulated infrastructure they need to offer these services directly — embedded right into their existing systems."

Wade Arnold, co-founder and CEO of Moov, said in a statement that business customers of community institutions are being asked to accept stablecoins but are currently going outside their primary institution to do so. "We built this so the answer comes from their primary FI instead," Arnold said.

Jill Castilla, chairman, president, and CEO of Citizens Bank of Edmond — an existing Moov customer — said in a statement that the bank's small business customers are looking for ways to lower interchange costs and get paid faster. Citizens Bank of Edmond has operated for 125 years, the company said.

The announcement comes days before a procedural vote on the Digital Asset Market Clarity Act, according to CNBC . The bill, which would establish a regulatory framework for digital assets, is scheduled for a preliminary Senate floor vote next Tuesday. It needs at least 60 votes to advance, and its fate remains uncertain.

Banks have pushed back against the Clarity Act over worries that yield-bearing crypto exchange accounts could siphon deposits away from traditional lenders, according to CNBC. A number of Republicans have also signaled concern about what the bill could mean for community banks. The new partnership could serve as a way to reduce friction between the crypto sector and community banking interests.

The Senate departed for a five-week recess in August without taking up the bill , setting up the September 15 cloture vote. The bill cleared the Senate Banking Committee in May and passed the House in July 2025. Democrats have raised concerns about ethics provisions in the bill, including how to enforce a ban on government officials operating crypto businesses.

Coinbase and Moov said the partnership could expand over time to connect digital assets to more financial products that community institutions already provide.