Coinbase Brings Stablecoin Services to 1,000 US Banks Ahead of Senate Vote

- Coinbase’s partnership with Moov enables more than 1,000 community banks and credit unions to offer stablecoin features - Move comes days before a key U.S. Senate vote on the Clarity Act that could reshape crypto and banking regulations On September 10, 2026, CNBC reported that Coinbase has partnered with payments provider Moov to enable more than 1,000 U.S. community banks and credit unions to directly offer stablecoin services. These services include acceptance, settlement, and real-time funding within their existing banking systems, and the development comes just ahead of a pivotal U.S. Senate vote on the Clarity Act, a major regulatory bill poised to reshape how banks interact with stablecoins and digital assets. According to CNBC, Coinbase supplies crypto infrastructure while Moov integrates this infrastructure into the platforms banks already use. As a result, the integration lets financial institutions offer regulated crypto services without building their own systems, and the arrangement addresses rising customer demand for stablecoin-enabled payments while helping smaller banks retain deposits as competition intensifies. Meanwhile, banking industry groups have voiced concerns about potential deposit outflows if customers shift funds to stablecoin-powered platforms. CNBC reported that Senate negotiations around the Clarity Act have included proposals to ban interest-like rewards on stablecoin deposits while allowing limited incentives based on customer activity, and the bill’s outcome is expected to have significant ramifications for both the traditional banking and crypto sectors. As of 17:09 UTC on September 10, 2026, CNBC noted that key stablecoin prices were little changed, with PayPal USD (PYUSD) at $1.00, down 0.4% over 24 hours, USDC at $1.00, down 0.3% over 24 hours, and Tether USDt (USDT) at $0.999, down 3.6% over 24 hours, while other major stablecoins showed similar minor fluctuations.