Marqeta and Coinbase Collaborate to Enable Stablecoin-Backed Card Payments

Marqeta announced an expanded collaboration with Coinbase to enable stablecoin-backed card payments, letting cardholders spend stablecoin balances at merchants that accept cards globally. Coinbase will handle custody, fiat conversion, and on-chain settlement via its Base blockchain, while Marqeta provides card issuance, processing, and bank and network relationships.

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