Coinbase has partnered with Moov, a payments platform serving community banks and credit unions, to embed stablecoin custody and transaction capabilities into the financial infrastructure these institutions already use to serve business customers.
The partnership, announced September 10, integrates Coinbase’s CDP Custodial Wallet and Coinbase Payments API into Moov’s platform. The arrangement allows community banks and credit unions to offer stablecoin services to their business customers without requiring those customers to move outside their primary financial relationship.
Moov operates as the connection layer between the banks and Coinbase’s infrastructure. Coinbase handles custody of stablecoin funds through its CDP Custodial Wallet and manages the movement of stablecoins through its Payments API. The structure places the bank or credit union at the customer-facing layer, Moov in the middle, and Coinbase at the crypto infrastructure layer.
Wade Arnold, CEO of Moov, framed the problem the partnership solves: “business customers asked to accept stablecoins currently go outside their primary financial institution.” The partnership gives those customers a path to stablecoin services through their existing banking relationship instead.
Moov counts approximately 1,000 community banks and credit unions in its customer base, representing the potential distribution footprint for the service.
Regulatory context
The partnership emerges within an evolving regulatory environment around stablecoins and bank deposits. In April 2026, the Federal Deposit Insurance Corporation proposed a rule stating that stablecoin holders receive no pass-through deposit insurance on the issuer’s reserve deposits, even if those reserves sit in an FDIC-insured bank. The FDIC treats stablecoin reserves as corporate deposits of the issuer, which are themselves insured.
A Federal Reserve analysis published in December 2025 identified a structural tension in stablecoin adoption: depending on who purchases stablecoins and where issuers hold their reserves, stablecoins can reduce, recycle, or restructure bank deposits. The Fed noted that partnerships, custody services, and white-label infrastructure represent ways banks can maintain connection to digital payment flows.
Coinbase’s integration with Moov exemplifies the white-label infrastructure model the Fed identified. By embedding Coinbase’s custody and payment capabilities into Moov’s platform, community banks can offer stablecoin services without building the infrastructure themselves.
