Coinbase And Marqeta Team Up To Bring Stablecoin Payments To Millions Of Merchants
Summary
Coinbase and Marqeta expanded their cooperation on infrastructure for businesses to issue payment cards funded by stablecoin balances. Marqeta provides card issuing and payment-network access, while Coinbase offers custody, stablecoin conversion and settlement services, potentially involving its Base network. The aim is to let users spend digital dollars through familiar card transactions without merchants accepting crypto directly. The announcement covers tools for businesses to build their own programmes, not a new card launching for all Coinbase customers. Blockchain settlement would not eliminate card fees or regulatory requirements.
