Coinbase and Moov Expand Stablecoin Payments to More Than 1,000 US Community Banks

Coinbase and Moov announced a partnership to bring stablecoin payments to more than 1,000 community banks and credit unions across the U.S., aiming to provide stablecoin acceptance, settlement, and real-time funding through the payment systems those institutions already use.

“more than 1,000 community banks and credit unions across the U.S.”

CNBC

CNBC reported that under the agreement Coinbase will provide digital asset infrastructure while Moov will connect it to payment systems that financial institutions and their customers already use, with Moov already servicing “more than 1,000 community banks and credit unions across the U.S.”

bitcoin.es

The deal also specifies that Moov will integrate Coinbase’s stablecoin payments infrastructure into its platform, using Coinbase’s CDP Custodial Wallet accounts for custody and its Payments API to orchestrate stablecoin transfers.

In the same announcement, Moov co-founder and CEO Wade Arnold said, “We built this so the answer comes from their primary FI instead,” framing the integration as a way for merchants to get acceptance and disbursement without relying on external providers.

The timing of the announcement is tied to U.S. Senate action, with CNBC saying it comes “just days before a crucial preliminary vote” to advance the Clarity Act.

The partnership arrives as the Clarity Act faces opposition from banking groups, with CNBC saying banks are opposed to interest-like rewards offered on crypto exchanges and warn they could cause deposit flight from community banks and credit unions.

CNBC also reported that the Independent Community Bankers of America has been part of a broader coalition of banking groups that opposed the Clarity Act over concerns about stablecoin yields.

Blockonomi

In parallel, Hokanews said the policy debate centers on how stablecoin rewards should be treated under the proposed CLARITY Act, noting that banking groups have argued that rewards resembling interest could encourage customers to move money from traditional deposits into stablecoins.

Hokanews added that the Senate Banking Committee advanced the CLARITY Act in May 2026 by a 15-9 vote, moving the broader digital-asset market structure bill toward consideration on the Senate floor.

The sources also describe the procedural threshold for advancement, with CNBC stating that the bill needs at least 60 votes in the Senate to advance and that it is scheduled to come to a preliminary vote next Tuesday.

Beyond acceptance and settlement, the partnership is described as enabling real-time funding and additional payment use cases, with Coinbase and Moov saying the infrastructure supports consumer stablecoin payments, merchant acceptance, merchant settlement and fund disbursements.

“use payment APIs to handle stablecoin transfers and settlement”

bloomingbit

Bloomingbit reported that Moov plans to hold funds in custodial wallet accounts on Coinbase Developer Platform, or CDP, and use payment APIs to handle stablecoin transfers and settlement, allowing Moov clients to add stablecoin payment capabilities without overhauling existing banking systems.

In the same coverage, Ryan VanGrack of Coinbase said customers of regional banks and credit unions have been using digital assets for years, and the partnership provides regulated infrastructure to offer services directly through existing systems.

Quartz added that Jill Castilla, president, chairwoman, and CEO of Citizens Bank of Edmond, said the bank’s small business customers are looking for ways to reduce interchange costs and receive payments faster, tying the stablecoin push to merchant payment economics.

The sources also connect the initiative to broader compliance and product integration questions, with Hokanews describing the partnership’s focus on acceptance, settlement and real-time funding as placing stablecoins closer to conventional payment infrastructure while policymakers determine boundaries for stablecoin rewards.