Marqeta expands Coinbase partnership to offer stablecoin-backed cards
COIN•Marqeta expanded its collaboration with Coinbase to offer stablecoin-backed cards for enterprise customers. Coinbase will handle stablecoin custody and fiat conversion, with settlement on its Base blockchain.
1. Card program roles
Marqeta will provide card issuance and payment processing and manage bank and network relationships. Businesses will be able to fund card programs 24/7, and cardholders can spend stablecoin balances at millions of merchants globally.
