Marqeta and Coinbase Stablecoin Cards
Marqeta and Coinbase launch stablecoin-backed cards for mainstream spending.
In brief
Marqeta and Coinbase launch stablecoin-backed cards for mainstream spending. Marqeta and Coinbase enable stablecoin spending via integrated payment cards for merchants accepting cards. Originally reported by Pymnts.
New Stablecoin Payment Cards
Marqeta’s enterprise customers can now offer stablecoin-backed cards powered by Coinbase.
Collaboration Details
Coinbase handles stablecoin custody and conversion; Marqeta manages card issuance and payment processing.
Enterprise Strategy
Marqeta CEO Mike Milotich said stablecoin-backed cards make digital dollars spendable through trusted card rails.
Future Plans
Coinbase CEO Brian Armstrong expects stablecoin payments to become a major revenue driver for the exchange.
The takeaway
Marqeta and Coinbase enable stablecoin spending via integrated payment cards for merchants accepting cards.
