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More than 1,000 community banks and credit unions served by Moov will have access to Coinbase's stablecoin payment acceptance, settlement and real-time funding tools. The offering also includes Coinbase's stablecoin payments infrastructure, custodial wallets and Payments API, so the institutions do not need to build their own crypto infrastructure.
Why it matters
The partnership gives Coinbase a distribution route into smaller financial institutions through Moov's payments infrastructure. It packages stablecoin functionality as an integration rather than requiring each bank or credit union to build crypto infrastructure in-house.
Market impact
The named use cases span consumer payments, merchant acceptance, merchant settlement and payouts. The partnership's reach will be measured by how many of the 1,000-plus institutions use those services.
Frequently asked questions
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What does Coinbase's stablecoin offering include?
It covers stablecoin payment acceptance, settlement and real-time funding, supported by Coinbase's payments infrastructure, custodial wallets and Payments API.
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How does Moov fit into the partnership?
Moov is the payments infrastructure provider serving more than 1,000 community banks and credit unions, while Coinbase provides the stablecoin infrastructure, custodial wallets and Payments API.
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Which payment use cases does the offering cover?
The named use cases are consumer payments, merchant acceptance, merchant settlement and payouts.
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Do participating institutions need to build their own crypto infrastructure?
No. The offering is designed to provide these capabilities without requiring participating institutions to build their own crypto infrastructure.
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What will measure the partnership's practical reach?
The number of institutions that activate the listed consumer, merchant, settlement or payout services will show its practical reach.
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