TLDR
- Coinbase is partnering with Moov to deliver stablecoin capabilities to over 1,000 community banks and credit unions across the U.S.
- The partnership combines Coinbase’s digital asset infrastructure with Moov’s existing payment rails and systems.
- The move comes days before a key Senate vote on the Clarity Act, which would create a first-of-its-kind regulatory framework for crypto.
- Community banks have opposed the Clarity Act over concerns about stablecoin yields causing deposit flight.
- The deal could help bridge the gap between the crypto industry and community banking institutions.
Coinbase has teamed up with financial services provider Moov to bring stablecoin acceptance, settlement and real-time funding to more than 1,000 community banks and credit unions across the United States.
Banks 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
The partnership was announced Thursday, just days before a key preliminary Senate vote scheduled for next Tuesday on the Clarity Act, a bill that would establish a regulatory framework for cryptocurrencies and digital assets.
Coinbase stock (COIN) slipped 0.88% on Thursday.
Under the deal, Coinbase will supply the regulated digital asset infrastructure while Moov connects it to the payment systems that community banks and their customers already use. The result is stablecoin capabilities embedded directly into existing banking systems.
Moov already works with more than 1,000 community banks and credit unions, giving them access to card acquiring, card issuing and real-time payment rails. Adding stablecoin functionality builds on that existing network.
The partnership supports use cases including consumer stablecoin payments, merchant settlement, payouts and access to Coinbase custodial accounts for businesses.
Ryan VanGrack, vice chair and head of corporate affairs at Coinbase, said community banks and credit unions have watched their customers use digital assets for years. He said the partnership gives those institutions the regulated infrastructure to offer those services directly.
Wade Arnold, co-founder and CEO of Moov, said business customers are already being asked to accept stablecoins, but today they go outside their institution to do it. He said the goal is to make the answer come from their primary financial institution instead.
Why Community Banks Matter for the Clarity Act
The Clarity Act has faced resistance from banking groups, including the Independent Community Bankers of America, over concerns that stablecoin yields could pull deposits away from community banks and credit unions.
The new Coinbase-Moov partnership appears aimed at addressing those concerns directly, giving community banks tools to compete in the stablecoin space rather than being left out of it.
Jill Castilla, CEO of Citizens Bank of Edmond in Oklahoma, said the bank’s small business customers are looking to lower interchange costs and get paid faster, signaling real demand at the community bank level.
Stablecoin Race Heats Up
The announcement lands in a busy week for stablecoin news. On Wednesday, U.S. Bank completed a live cross-border payment using its own USBDC stablecoin on the Stellar blockchain.
Earlier this month, 21 financial institutions, including Bank of America, Citi and Goldman Sachs, announced plans to form a company to issue stablecoins, with a U.S. dollar-denominated stablecoin expected in the first half of 2027.
Non-bank players are also moving in. In August, Western Union partnered with stablecoin provider Rain to launch a digital wallet and Visa-branded card that lets users hold and spend a U.S. dollar-backed stablecoin.
The Clarity Act needs at least 60 Senate votes to advance. Democrats have raised concerns about ethics language in the bill, while some Republicans remain worried about the impact on community banks.
The preliminary Senate vote is set for next Tuesday.
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