Coinbase and Moov to give banks access to stablecoin payments
- —Moov will integrate Coinbase's stablecoin payment infrastructure into its platform for banks
- —Coinbase will provide CDP Custodial Wallet for storage and Payments API for fund movement
- —The partnership covers more than 1000 community banks and credit unions — Moov's clients
- —Terms on fees, data and risk sharing were not disclosed
Why it matters: Banks will be able to retain clients in stablecoin payments, but control over economics and risks remains uncertain.
Source: CryptoSlate