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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
10/17/2026

Coinbase and Marqeta Expand Stablecoin Card Partnership

What happened: Coinbase and Marqeta announced an expanded partnership allowing Marqeta's business customers to issue payment cards funded by stablecoins.

Coinbase and Marqeta Expand Stablecoin Card Partnership

What happened: Coinbase and Marqeta announced an expanded partnership allowing Marqeta's business customers to issue payment cards funded by stablecoins. Coinbase will handle stablecoin custody and fiat conversion at the point of sale, leveraging its Base Layer 2 for onchain settlement, while Marqeta manages card issuance and processing. The deal builds on their 2020 collaboration for a U.S. debit card. Despite the positive framing, Coinbase stock (COIN) fell about 3% on the announcement day.

Why it matters: This partnership aims to mainstream stablecoin spending by integrating it with familiar card infrastructure, potentially accelerating adoption among businesses. However, the market's muted reaction and lack of disclosed details on launch date, fees, and geographic reach suggest skepticism about near-term impact.

Source: The Block