Coinbase Ventures backs Stablecore to bring digital assets to community banks

Community banks and credit unions have spent years watching crypto grow from a curiosity into a competitive pressure. Now, a fintech startup called Stablecore is handing them a way to catch up, and Coinbase is helping foot the bill. Stablecore closed a $20 million funding round on September 16, 2025, led by Norwest Venture Partners and joined by Coinbase Ventures alongside a cluster of banking-focused investors. The money is earmarked for a specific mission: grafting stablecoin payments, tokenized deposits, and broader digital asset services onto the core banking infrastructure that community institutions already run. Why this matters for small banks Stablecore’s platform plugs into existing systems like Q2 and Jack Henry, letting banks offer digital asset services without rebuilding from scratch. The Jack Henry integration, completed in February 2026, is particularly significant in terms of scale. Jack Henry serves approximately 1,600 financial institutions, meaning Stablecore’s reach expanded substantially once that connection went live. The regulatory timing is not a coincidence Stablecore’s raise landed shortly after the GENIUS Act passed in July 2025, the legislation that esta...