Cryptocurrency exchange Coinbase has partnered with financial platform Moov to provide stablecoin infrastructure to more than 1,000 community banks and credit unions in Moov’s customer base.

According to a Thursday announcement from Coinbase, the partnership will combine Coinbase’s regulated digital asset infrastructure with Moov’s payments platform. The offering will support stablecoin payment acceptance, settlement and real-time funding.

The infrastructure is designed for use cases including consumer stablecoin payments, merchant settlement and payouts. Businesses and merchants will also receive access to Coinbase custodial accounts.

In the United States, community banks typically have less than $10 billion in total assets. They include state-chartered institutions as well as savings and loan holding companies, according to the Federal Reserve.

The Coinbase-Moov announcement comes as some of the country’s largest banks experiment with stablecoin infrastructure. On Wednesday, U.S. Bank, the fifth-largest commercial bank in the United States, completed a live cross-border payment using its proprietary USBDC stablecoin on the Stellar blockchain, according to Cointelegraph.

Earlier this month, 21 financial institutions, including Bank of America, Citi, Goldman Sachs, Deutsche Bank and UBS, announced plans to form a company to issue stablecoins. The planned offerings include a US dollar-denominated stablecoin targeted for launch in the first half of 2027, Cointelegraph reported.

Non-bank companies are also entering the stablecoin sector. In August, Western Union partnered with stablecoin infrastructure provider Rain to launch a digital wallet and Visa-branded card that allow users to hold and spend a US dollar-backed stablecoin, according to Cointelegraph.

Related: Mastercard and Borderless test shared identity checks for stablecoin transfers