Marqeta partners with Coinbase to launch stablecoin payment cards on Base
CIE News ·
Based on reporting by Financial Times; not yet independently confirmed.
Marqeta and Coinbase have partnered to offer stablecoin-backed payment cards for enterprise clients, using the Base network for on-chain settlement, the companies announced on October 16, 2026.
Card-issuing platform Marqeta announced a collaboration with cryptocurrency exchange Coinbase on October 16, 2026, to launch stablecoin-backed payment cards. According to a company announcement reported by the Financial Times, the cards will allow both crypto-native and non-crypto businesses to let users spend stablecoin balances at standard card-accepting merchants worldwide.
Under the partnership, Coinbase will manage stablecoin custody and real-time conversions between digital assets and fiat currencies. Settlement will occur over Coinbase's Ethereum Layer-2 network, Base, while Marqeta handles payment processing, card issuance, and relationships with banks and payment networks.
Marqeta confirmed that the initiative is entering deployment across enterprise client channels, expanding on its existing relationship issuing crypto-backed cards for Coinbase.
Key facts
- Marqeta and Coinbase partnership
- Settlement on Base network
- Stablecoin-backed cards
- Announced October 16, 2026
Read the original at markets.ft.com