Coinbase and Marqeta Team Up to Expand Stablecoin-Powered Card Payments

The cloud card issuing platform Marqeta and the cryptocurrency exchange Coinbase expanded their partnership to allow companies from various sectors to offer payment cards funded with stablecoin balances. The announcement was made this Friday, detailing that Coinbase will manage the custody of crypto assets and fiat conversions, while Marqeta will operate the issuance and processing through its infrastructure. This integration uses Coinbase’s Base network to achieve fast and low-cost on-chain settlements, making it easier for both crypto-native merchants and traditional companies to offer card programs with high operational efficiency. The move responds to growing institutional adoption and seeks to simplify the daily spending of stablecoins on a global scale.

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