Coinbase and Marqeta announced on October 16, 2026 the expansion of their partnership to offer stablecoin-backed payment cards for enterprise customers. Coinbase handles custody of stablecoin balances, conversion to fiat currency, and on-chain settlement through its Base blockchain. Marqeta manages card issuing, payment processing, and relationships with financial institutions and card networks. The offering stands out for its 24/7 funding capability, surpassing traditional banking limitations. Marqeta processed nearly $400 billion in payment volume in 2025 and operates in over 40 countries.
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