Marqeta and Coinbase launch a stablecoin-enabled payment card solution
Marqeta and Coinbase Take Stablecoin Spending Mainstream
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Marqeta and Coinbase have partnered to launch a stablecoin-enabled payment card solution, which Marqeta’s enterprise customers can now offer to users. Coinbase is responsible for custody of stablecoin balances and conversion between digital assets and fiat currency, while Base provides the on-chain settlement infrastructure; Marqeta handles card issuance, payment processing, and relationships with banks and card networks. Users can spend their stablecoin balances at merchants that accept bank cards.
The material clearly breaks down Coinbase and Marqeta’s respective responsibilities for custody, fiat conversion, on-chain settlement, card issuance, and processing, making it easier to understand how a stablecoin card connects to existing card networks.
Source:PYMNTS · pymnts.com