Spend your stablecoins anywhere cards work: Coinbase and Marqeta team up so any business can launch stablecoin-backed cards

Coinbase and Marqeta want to make stablecoins as easy to spend as a debit balance. Marqeta, which issues and processes cards for other companies, said on Friday it is widening its work with Coinbase to let its business customers launch cards backed by stablecoin holdings. Cardholders would spend from those balances at merchants that accept cards around the world, and businesses could fund their card programmes at any hour, every day of the week.

The work is split three ways. Coinbase keeps custody of the stablecoins and handles conversion between digital assets and traditional currency. Base, the blockchain Coinbase built, provides on-chain settlement. Marqeta issues the cards, processes payments and manages the relationships with banks and card networks.

The two firms are not new partners: Marqeta was named processor for Coinbase's US debit card in 2020, The Block noted. What changes is the audience. Marqeta says it processed nearly $400 billion in payments in 2025 and is certified to operate in more than 40 countries, giving Coinbase's stablecoin rails a route into fintechs and other firms that have never run a crypto product.

Coinbase's Alec Lovett, head of infrastructure products, said the company is helping businesses move money with the speed and efficiency they need. The companies did not say when the first cards will be available or what they will cost.