Coinbase to power stablecoin-backed cards for Marqeta customers
The expanded partnership builds on Marqeta’s work powering Coinbase’s U.S. debit card offering in 2020.
AI summary
Coinbase is expanding its partnership with card-issuing platform Marqeta to power stablecoin-backed cards for Marqeta's customers. The deal builds on Marqeta's earlier work supporting Coinbase's U.S. debit card launched in 2020. A trader would care because it signals growing mainstream payment infrastructure for stablecoins and a potential new revenue channel for Coinbase, though the immediate financial impact is likely modest.
Narrative history
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50M AGOYou’re reading thisCoinbase to power stablecoin-backed cards for Marqeta customersThe Block · Score 45
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3H AGOThe Defiant · Score 45 · via Marqeta, Cards
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4H AGOCrypto Briefing · Score 45 · via Coinbase Marqeta, Marqeta expand
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5H AGOCrypto Briefing · Score 25 · via Coinbase Marqeta, Marqeta expand
