Coinbase partners with Moov to provide stablecoin infrastructure for over 1,000 community banks.

BlockBeats news, September 10, Coinbase announced a partnership with fintech company Moov to provide stablecoin infrastructure for small and community banks, enabling over 1,000 banks to receive, settle, and transfer funds in real-time using stablecoins through existing technology systems.

Coinbase stated that the collaboration aims to allow banks to integrate stablecoin-related services on top of their existing technological architecture, and said this reflects the development direction of regulated stablecoin infrastructure.