# Coinbase and Marqeta Partner to Launch Business Stablecoin Card Service

- URL: https://stocks.freetheai.org/news/coinbase-and-marqeta-partner-to-launch-business-stablecoin-card-service-70e9fd
- Published: 2026-10-17T00:23:28Z
- Category: crypto; sentiment: neutral; impact: medium
- Symbols: [NASDAQ:COIN](https://stocks.freetheai.org/symbols/NASDAQ-COIN), [NASDAQ:MQ](https://stocks.freetheai.org/symbols/NASDAQ-MQ)
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Coinbase Global, Inc. (COIN) and Marqeta, Inc. (MQ) are expanding their existing relationship to launch a commercial card program backed by stablecoins. Under the joint service, Coinbase will oversee stablecoin custody and conversion into traditional currency, while Marqeta will handle payment processing and card issuance. On-chain transaction settlements will run on Base, the Ethereum layer-2 network developed by Coinbase.

The offering allows both crypto-focused and traditional corporate clients to fund payment cards using stablecoin reserves 24/7, bypassing standard banking operating hours. Cardholders will be able to spend their funds at millions of merchants that accept traditional payment cards. Alek Lovett, head of infrastructure products at Coinbase, stated that combining stablecoin infrastructure with Marqeta's issuing capabilities enables real-time transaction processing tailored to commercial needs.

While the two financial technology firms have collaborated since October 2020 on consumer debit products, key operational details for the new enterprise offering remain unannounced. Market participants and prospective enterprise clients will be watching for additional details on supported stablecoins, fee structures, and an official release timeline.

## Key points

- Coinbase Global, Inc. and Marqeta, Inc. are introducing a commercial card service funded by stablecoin holdings.
- Coinbase will handle crypto custody and fiat conversion, while Marqeta will manage card issuance and processing.
- On-chain transaction settlements will take place on Base, Coinbase's Ethereum layer-2 network.
- Corporate clients can fund card programs 24/7 and spend stablecoins at existing payment card merchants.
- Specific release dates, fee schedules, and supported stablecoins have not yet been disclosed.

## Questions and answers

### What is the new stablecoin card service from Coinbase and Marqeta?

It is a commercial payment card program that lets both crypto and traditional businesses use their stablecoin holdings to pay millions of merchants around the clock.

### How will Coinbase and Marqeta divide responsibilities for the service?

Coinbase will manage stablecoin custody and conversion into fiat currency, while Marqeta will handle card issuance and payment processing. Settlement runs on Coinbase's Base network.

### When will the Coinbase and Marqeta business card launch?

The companies have not disclosed an official launch date, pricing fees, or the list of supported stablecoins for the new business card service.