Coinbase teams with Moov Citi on stablecoin banking
Coinbase is extending its stablecoin infrastructure into traditional banking through new partnerships with Moov and Citi. The crypto exchange first introduced the USDC token in 2018 together with Circle, and it added USDC support to Coinbase Commerce the following year. This progression shows the firm’s aim to link digital currency services with established financial channels.
In 2025, the company rolled out Coinbase Payments, a stablecoin-payments stack that enables businesses to embed USDC transactions into their existing payment workflows. The offering allows merchants to accept the digital dollar without rebuilding core systems, and it opens a route for broader commercial adoption beyond pure trading activity.
Coinbase-Moov Partnership
In September 2026, Coinbase partnered with Moov, a payments-infrastructure provider that links more than 1,000 community banks and credit unions to national payment systems. Moov’s network creates a distribution channel for the exchange’s stablecoin capabilities, reaching smaller financial institutions that previously lacked direct crypto connections.
The agreement lets the exchange extend its stablecoin payment and settlement functions to those community banks and credit unions. While the deal outlines the technical integration, it does not specify the exact timeline for individual banks to activate the new features.
Collaboration with Citi
Later that same month, Coinbase expanded its work with Citi, attaching its stablecoin payments platform to the bank’s institutional banking and merchant-acquiring operations. Citi processes roughly $6 trillion in transactions each day, giving the digital-currency stack exposure to a massive flow of corporate and institutional activity.
These two alliances target opposite ends of the financial ecosystem. Moov offers a pathway into smaller, locally focused institutions, whereas Citi connects the exchange’s services to large corporate clients and major institutional players.
The combined relationships give the exchange access to well-established banking and payment networks. This arrangement enables banks and businesses to integrate stablecoin payment options into their current operations without constructing the underlying infrastructure from the ground up.
Coinbase CEO Brian Armstrong told Bloomberg in a September 2026 interview that the stablecoin market, valued at around $300 billion, could grow nearly tenfold by 2030. He said the expanded infrastructure creates a potential growth avenue that goes beyond traditional trading revenue.
