Coinbase and Marqeta expand partnership to offer stablecoin-backed enterprise cards
Coinbase and Marqeta have expanded their partnership to enable stablecoin-backed payment cards for enterprise clients, combining Coinbase custody and Base settlement with Marqeta card issuing.
Coinbase and card-issuing platform Marqeta are expanding their existing partnership to introduce stablecoin-backed payment cards for enterprise customers. Under the initiative, Marqeta's enterprise clients can issue cards funded by stablecoins, according to reports by The Block and PYMNTS.[3][2][4][5]
The operational architecture divides roles across the two companies. Coinbase will oversee stablecoin custody alongside conversion into fiat currency, while onchain settlement will be powered by Base. Marqeta will manage card issuance and transaction processing.[3][4][2]
Crypto Briefing reported that the rollout could accelerate the adoption of stablecoins in corporate payments and boost transaction efficiency, although the framework could still encounter regulatory challenges. The outlet also noted the expansion could drive broader blockchain integration across traditional finance, potentially lifting Ethereum's standing and market valuation.[6][1]
Key facts
- Coinbase and Marqeta expanded their partnership to provide stablecoin-backed payment cards to enterprise customers.
- Coinbase is responsible for handling stablecoin custody and fiat conversion.
- Base will manage onchain settlement for the payment cards.
- Marqeta will handle card issuance and transaction processing.
- Crypto Briefing reported the initiative could accelerate enterprise stablecoin adoption but may face regulatory obstacles.
- Crypto Briefing stated the partnership could accelerate blockchain integration in finance, potentially bolstering Ethereum's ecosystem role and price.
Sources 路 4 sources
- CB
Crypto BriefingArticle 路
Coinbase, Marqeta expand partnership for stablecoin-backed enterprise cards The partnership could accelerate blockchain integration in finance, potentially boosting Ethereum's role and price in the crypto ecosystem. The post Coinbase, Marqeta expand partnership for stablecoin-backed enterprise cards appeared first on Crypto Briefing .
Open source - PY
PYMNTS@pymntsPost on X 路
馃挸 Marqeta鈥檚 enterprise customers can now issue stablecoin-backed cards powered by Coinbase, with Coinbase handling custody and conversion and Marqeta handling issuing and processing. Full story on PYMNTS. https://t.co/AY7w5MnLBr
Open source - TB
The Block@TheBlockCoPost on X 路
THE BLOCK: Coinbase and Marqeta are expanding their existing partnership to enable stablecoin-backed payment cards for enterprise customers. Coinbase will provide custody and fiat conversion, with Base handling onchain settlement, while Marqeta manages card issuance and processing.
Open source - CN
crypto.news@cryptodotnewsPost on X 路
JUST IN: Coinbase and Marqeta to launch stablecoin-backed payment cards Coinbase will handle custody and fiat conversion, Base will power onchain settlement, and Marqeta will manage card issuance and processing for enterprise customers. https://t.co/7TeXwCsYw5
Open source - PY
PYMNTS@pymntsPost on X 路
Marqeta and Coinbase take stablecoin spending mainstream. Full story on PYMNTS: https://t.co/ojy0uXuMAG
Open source - CB
Crypto BriefingArticle 路
Coinbase and Marqeta expand partnership to launch stablecoin-backed cards for enterprises The partnership could accelerate stablecoin adoption in enterprise payments, enhancing transaction efficiency but facing regulatory challenges. The post Coinbase and Marqeta expand partnership to launch stablecoin-backed cards for enterprises appeared first on Crypto Briefing .
Open source