Marqeta and Coinbase to Power Stablecoin-Backed Cards With Base Settlement
- —Coinbase handles stablecoin custody and fiat conversion
- —Base provides the on-chain settlement layer
- —Marqeta covers card issuance, processing and bank relationships
- —Launch timing, supported stablecoins and partner banks were not disclosed
Why it matters: The deal pushes stablecoins deeper into mainstream card payment rails, broadening real-world use of USDC.
Source: Crypto Daily