Coinbase to support stablecoin infrastructure for 1000+ banks via Moov
- —The Coinbase-Moov partnership covers a base of 1000+ regional banks and credit unions
- —Banks will get payment acceptance, merchant settlements and payouts without their own crypto infrastructure
- —Coinbase will provide custodial wallets and payment APIs for stablecoins
- —The number of banks actually connected, fees and revenue sharing were not disclosed
Why it matters: Integrating stablecoins into traditional banks could accelerate mass adoption, but the real impact depends on disclosure of the terms.
Source: TokenPost