Coinbase targets 1,000 banks with Moov stablecoin deal

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Coinbase has partnered with Moov to connect more than 1,000 U.S. community banks and credit unions with stablecoin payments, custody, merchant settlement and real-time funding. Summary Coinbase ...

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Open an account to enjoy low commission trading today!","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.atigrnest.com/news/2666543709"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"HKG","license":"TBHK","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2666543709\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2666543709?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-09-11 13:02","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2666543709","market":"sg","top_or_hot":-1,"title":"Coinbase targets 1,000 banks with Moov stablecoin deal","media":"cryptonews","content":"<div>\n<p>Coinbase has partnered with Moov to connect more than 1,000 U.S. community banks and credit unions with stablecoin payments, custody, merchant settlement and real-time funding.\n\n\nSummary\n\n\n\nCoinbase ...</p>\n\n<a href=\"https://crypto.news/coinbase-targets-1000-banks-with-moov-stablecoin-deal/\">Source Link</a>\n\n</div>\n","source":"crypto_news_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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Through the partnership, banks will be able to offer stablecoin services without constructing and maintaining their own blockchain systems.The companies identified consumer payments, merchant acceptance, merchant settlement and payouts as initia","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"Coinbase 通过 Moov 稳定币交易瞄准 1,000 家银行","themeId":null,"isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/d7d94101f42ef98f20c16fcc2ad12e06","symbols_score_info":{"COIX":0.6,"CRPT":0.6,"COIN":1.97,"CONX":0.6,"09311":0.6,"09711":0.6,"COIA":0.6,"COIW":0.6,"COYY":0.6,"CONI":0.6,"07311":0.6,"COIG":0.6,"COII":0.6,"FINX":0.6,"07711":0.6,"BITQ":0.6,"IBLC":0.6,"CONL":0.6,"ICOI":0.6,"COIO":0.6,"CONY":0.6,"FDIG":0.6,"BLCK":0.6,"FIAT":0.6},"content_text":"Coinbase has partnered with Moov to connect more than 1,000 U.S. community banks and credit unions with stablecoin payments, custody, merchant settlement and real-time funding.\n\n\nSummary\n\n\n\nCoinbase and Moov will offer stablecoin acceptance, settlement and real-time funding through existing banking systems.\nMoov serves more than 1,000 community banks and credit unions across the United States today.\nCoinbase will provide custodial wallets and payment APIs while Moov handles institutional integrations directly nationwide.\nSupported uses include consumer payments, merchant acceptance, settlements, payouts and continuous business funding services nationwide.\nFederal Reserve supervision covers qualifying state member institutions holding less than $10B in assets generally.\n\n\n\nCoinbase’s Sept. 10 announcement said Moov will integrate its stablecoin infrastructure into the payment systems already offered to financial institutions. The companies did not give a commercial launch date or identify the first participating banks.\nMoov provides card acquiring, card issuing and real-time payment connections to its institutional customers. Through the partnership, banks will be able to offer stablecoin services without constructing and maintaining their own blockchain systems.\nCoinbase will supply the digital asset custody and payment tools. Moov will connect them with the systems used by its community bank and credit union customers.\nCoinbase stablecoin services will run inside Moov\nMoov plans to use Coinbase Developer Platform Custodial Wallet accounts to hold funds. Coinbase’s Payments API will coordinate stablecoin transfers, allowing Moov to place the blockchain functions inside its existing payment product.\nThe companies identified consumer payments, merchant acceptance, merchant settlement and payouts as initial applications. Business and merchant transactions will use Coinbase custodial accounts with disclosed ownership, according to the release.\n\nBanks benefit from crypto.We're partnering with @Moov to provide small and community banks the infrastructure for stablecoins.That means acceptance, settlement, and real-time funding for more than 1000 of them, through the tech stacks they already use.This is what regulated… pic.twitter.com/sS8NNIVZBF— Coinbase 🛡️ (@coinbase) September 10, 2026\n\nNeither company named the stablecoins or blockchain networks that the integration will support. Coinbase’s developer platform offers access to USDC and custom stablecoin products, but the announcement did not confirm which assets Moov’s customers will receive.\nDetails covering transaction fees, conversion charges, redemption, insurance treatment and user eligibility remain undisclosed. The partners did not say whether financial institutions would hold stablecoins directly or provide customers with balances backed by assets held in Coinbase custody.\nRyan VanGrack, Coinbase vice chair and head of corporate affairs, said community financial institutions have watched customers use digital assets for years. Through Moov, Coinbase plans to place its infrastructure “right into their existing systems,” he said.\nMoov CEO Wade Arnold said business customers already receive requests to accept stablecoins and often leave their primary financial institution to obtain the service. He described acceptance and disbursement as the immediate products, with continuous funding presented as a possible later use.\nCommunity banks keep control of customer services\nMoov will serve as the connection between Coinbase and participating institutions. Banks and credit unions can continue managing their customer accounts and local relationships while using third-party infrastructure for blockchain custody and payments.\nThe partnership does not turn participating banks into stablecoin issuers. Coinbase described the arrangement as a way for institutions to offer payment and custody services, while no announcement was made about a community bank creating its own dollar-backed token.\nCitizens Bank of Edmond Chairman and CEO Jill Castilla said small businesses are seeking lower interchange costs and faster access to payments. The Oklahoma bank was quoted in the announcement, though Coinbase and Moov did not confirm that it will become an initial customer of the stablecoin service.\nUnder the Federal Reserve’s definition, its community bank program covers domestic state member banks, bank holding companies and savings and loan holding companies with less than $10 billion in total assets. Other agencies supervise community institutions operating under different charters.\nFederal Reserve examinations usually take place every 12 months, with some eligible banks examined every 18 months depending on size, condition and other factors. Supervisors tailor reviews using each institution’s risk profile, activities and operational complexity.\nCoinbase and Moov did not describe how participating institutions will divide compliance duties involving customer identification, transaction monitoring, sanctions screening or suspicious-activity reporting. Each bank will remain subject to its applicable federal and state obligations.\nU.S. banks are testing several stablecoin models\nLarge banks are pursuing stablecoin projects through structures that differ from Coinbase and Moov’s service-provider model. U.S. Bank disclosed a live cross-border test on Sept. 9 involving USBDC, its proprietary dollar-backed token.\nAs crypto.news reported, U.S. Bank transferred USBDC between North American and European entities on the Stellar public blockchain. Its pilot tested minting, redemption, freezing and clawback functions while maintaining links with the bank’s finance, risk and compliance systems.\nU.S. Bank did not make USBDC available to customers or external institutions. The bank released a Stellar issuer address but withheld the payment amount, transaction hash, reserve structure and public rollout timetable.\nCoinbase and Moov are proposing shared infrastructure that can serve many institutions. Their plan centers on payment acceptance and custody through Coinbase instead of asking every participating bank to create a separate token and issuance platform.\nBanking technology providers are forming other institutional networks around tokenized deposits and digital assets. In related coverage, crypto.news reported that Cosmos formed a 17-member banking infrastructure network with participants including BitGo, Galaxy and OpenZeppelin.\nThe Coinbase partnership does not state whether Moov’s banks will work with tokenized deposits, which represent bank liabilities on blockchain infrastructure. Its announced scope covers stablecoins, custodial accounts and payment movement.\nStablecoin rules set requirements for bank participation\nThe GENIUS Act created a federal framework for payment stablecoins in July 2025. As detailed in crypto.news coverage of stablecoin issuer licensing and reserve requirements, the law restricts issuance to permitted entities and requires one-to-one backing with qualifying liquid assets.\nBank subsidiaries may issue payment stablecoins under the supervision of their federal banking regulator. State-qualified issuers can operate through certified state regimes, while nonbank firms may seek federal approval from the Office of the Comptroller of the Currency.\nPayment service providers remain subject to anti-money-laundering and sanctions requirements regardless of whether they issue tokens. Stablecoins are not automatically covered by federal deposit insurance, even when their reserves include deposits held at an insured bank.\nFor the Coinbase-Moov arrangement, the applicable responsibilities will depend on the asset used, the custody structure and the services offered by each institution. The companies have not published contracts explaining how losses, frozen transactions, redemption requests or operational failures would be handled.\nCoinbase describes its digital asset infrastructure as regulated, but the announcement does not name the Coinbase legal entity that will hold each category of customer or merchant funds. It refers to “fully disclosed custodial accounts” for business and merchant payments without publishing the account terms.\nCoinbase and Moov have not set a public rollout date\nImplementation will require Moov to integrate Coinbase’s wallet and payment interfaces before individual banks can offer the services. Each participating institution may need internal approval, compliance testing and vendor-risk reviews based on its regulator and operating model.\nNo bank has announced a customer launch through the partnership. Coinbase and Moov have not disclosed pilot participants, supported payment corridors, minimum transaction amounts or settlement currencies.\nFuture functions described by the companies remain plans. Coinbase said acceptance, settlement and real-time funding are starting areas, while later work could connect digital assets with other products offered by community institutions.\nMoov said continuous funding could let institutions move value during weekends and holidays. The company has not released performance results showing settlement times, transaction capacity or costs for the planned service.\nCoinbase and Moov have not provided a deadline for completing the technical integration or opening stablecoin services to the first community bank customers.\n\n\n\n\n\n                Read more:\n            \n\n                MoneyGram launches Visa stablecoin card in Colombia","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"corporation","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}