Coinbase to power stablecoin-backed cards for Marqeta customers

60-second summary

Coinbase now powers stablecoin‑backed debit cards for Marqeta’s clients, expanding the 2020 partnership that launched Coinbase’s U.S. debit card. The collaboration lets merchants issue cards linked to USDC, enabling instant crypto‑to‑fiat conversion at point‑of‑sale, while Marqeta provides the issuing infrastructure. This integration could boost stablecoin adoption, increase transaction volumes and pressure traditional card networks.