10/17/2026
Oct 17: Coinbase and Marqeta Expand Stablecoin Card Partnership
Bitcoin Holds $82K as Fed's Warsh Signals No Immediate Rate Hike · Circle Discloses $819M USDC Revenue Payout to Partners in H1 2026 · Stablecoin Remittances Slash Costs by 84%, Borderless.xyz Finds
Market Snapshot
- Bitcoin (BTC): $81,520 (-0.65% 24h)
- Ethereum (ETH): $2,426.96 (-1.46% 24h)
- Solana (SOL): $103.94 (-1.62% 24h)
- Notable: CME FedWatch odds for a 25bp Fed rate hike in October dropped from 27% to 15% after Fed Chair Warsh's remarks.
Top Stories
- Stablecoin Remittances Slash Costs by 84%, Borderless.xyz Finds
- Coinbase and Marqeta Expand Stablecoin Card Partnership
- Bitcoin Holds $82K as Fed's Warsh Signals No Immediate Rate Hike
- Circle Discloses $819M USDC Revenue Payout to Partners in H1 2026
Key Takeaways
- Stablecoin payments offer significant cost and speed advantages over traditional remittances, but payout reliability is uneven across regions.
- Major fintech and crypto firms are deepening partnerships to bridge stablecoins with mainstream payment rails, though markets remain cautious on immediate impact.
- Bitcoin's price action continues to hinge on macroeconomic signals, with central bank policy and inflation data driving volatility.
- Stablecoin issuers like Circle are under pressure to disclose revenue splits and demonstrate value to partners as competition and regulatory scrutiny increase.
What to Watch
Circle's Q3 2026 earnings, scheduled for November 4, will provide further insight into USDC's financials and market share. The rollout timeline and adoption rate for Coinbase and Marqeta's stablecoin card products will be key indicators of whether stablecoin spending can break into mainstream business payments. Macro watchers should monitor upcoming Fed communications and U.S. inflation prints for further clues on crypto market direction.