Coinbase, Moov to Provide Stablecoin Infrastructure for 1k Community Banks
The partnership links Coinbase’s digital asset infrastructure to Moov’s payment rails for more than 1,000 community banks and credit unions, according to a press release.
- On Thursday, Coinbase and Moov announced a partnership providing stablecoin infrastructure to more than 1,000 community banks and credit unions, enabling direct acceptance, settlement, and real-time funding through existing payment systems.
- Days before a Senate vote scheduled for next Tuesday, the Digital Asset Market Clarity Act faces uncertain support as the partnership highlights industry momentum for regulatory clarity on digital assets.
- Oklahoma-Based Citizens Bank, which has operated for 125 years, is among adopting institutions. CEO Jill Castilla said small business customers seek to "lower interchange costs and get paid faster."
- Banks have pushed back against the Clarity Act, warning that yield-bearing crypto exchange accounts could siphon deposits from traditional lenders, complicating passage.
- The bill requires at least 60 votes to advance, yet faces opposition from Democrats over ethics provisions and concerns from Republicans about potential impact on community financial institutions.
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Cointelegraph
The New York LedgerCoinbase, Moov to Provide Stablecoin Infrastructure for 1k Community Banks
Coinbase and Moov partnered to offer stablecoin infrastructure access to over 1,000 community banks and credit unions, as more financial institutions explore stablecoins.
Coinbase, Moov Unveil Stablecoin Payment Integration For Community Banks
NoSmokeSport - Sports News & Latest Trending World News NoSmokeSport - Sports News & Latest Trending World News - Better Sport News Coinbase and Moov are partnering to bring stablecoin payment infrastructure to over 1,000 US community banks and credit unions, enabling them to offer digita... The post Coinbase, Moov unveil stablecoin payment integration for community banks first appeared on NoSmokeSport - Sports News & Latest Trending World News …
🚨 Coinbase, in partnership with Moov, will offer stablecoin infrastructure to over 1,000 local banks and credit unions. 💳 The new structure will provide stablecoin payment acceptance, reconciliation, and real-time funding. 🏦 Local banks in the US with assets under $10 billion will be the primary target for this service. 📌 As banks accelerate in the stablecoin race, Coinbase is expanding its digital payment network with this expansion. Read M…
Partnership between Coinbase and Moov expands stablecoins infrastructure for community banksPartnership gives community banks and credit unions acceptance and settlement with stablecoins
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