Marqeta and Coinbase Collaborate to Enable Stablecoin-Backed Card Payments
Business Wire•16/10/2026•08:00 ET
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Key Highlights
- ➤Marqeta and Coinbase collaborate to launch stablecoin-backed cards for enterprises
- ➤Coinbase will provide custody, fiat conversion, and settlement on Base
- ➤Marqeta will handle card issuance, payment processing, and banking relationships
- ➤Businesses can fund stablecoin-backed card programs 24/7 for global merchant spending
- ➤Marqeta processed nearly $400 billion in annual payments volume in 2025
Expert Statements
Alec Lovett, Head of Infrastructure Products at Coinbase
“Coinbase is enabling businesses to move money with the speed and efficiency they require. Our collaboration with Marqeta will combine our stablecoin payment rails with their powerful issuing and processing capabilities to deliver real-time global transactions that meet the needs of modern consumers and businesses.”
Anthony Peculic, Chief Strategy Officer at Marqeta
“As we build out the complete stack for stablecoin-backed cards, expanding our relationship with Coinbase was a natural next step. Coinbase brings scale and breadth of infrastructure to provide for the needs of our enterprise customers. Together, we will expand what businesses can deliver through Marqeta’s issuing and processing platform.”
Marqeta and Coinbase Collaborate to Enable Stablecoin-Backed Card Payments
* The collaboration will expand Marqeta’s relationship with Coinbase, integrating with Coinbase’s stablecoin infrastructure so Marqeta customers can offer stablecoin-backed cards that allow users to turn stablecoin holdings into everyday spending power.
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