Update
Coinbase and Marqeta Partner to Launch Stablecoin-Funded Payment Cards
Coinbase and Marqeta have partnered to allow businesses to offer payment cards funded by stablecoin holdings. This collaboration combines Coinbase's digital asset infrastructure with Marqeta's card issuing and payment processing technology, enabling customers to spend stablecoins at millions of merchants and businesses to manage funding around the clock. The service, which is part of a six-year relationship between the companies, will use Coinbase's Base blockchain for onchain settlement and is targeted at businesses in both cryptocurrency and traditional financial markets.