# Marqeta and Coinbase Partner to Offer Stablecoin Payment Cards

- URL: https://stocks.freetheai.org/news/marqeta-and-coinbase-partner-to-offer-stablecoin-payment-cards-ab4dd9
- Published: 2026-10-16T12:29:46Z
- Category: crypto; sentiment: bullish; impact: medium
- Symbols: [NASDAQ:MQ](https://stocks.freetheai.org/symbols/NASDAQ-MQ), [NASDAQ:COIN](https://stocks.freetheai.org/symbols/NASDAQ-COIN)
- Written by our AI from expert market sources across the web for FreeTheAI Stocks, built by Vibhek Soni
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- Not financial advice: https://stocks.freetheai.org/disclaimer

Marqeta, Inc. (NASDAQ:MQ) and Coinbase Global, Inc. (NASDAQ:COIN) have partnered to launch payment cards backed by stablecoins for crypto and traditional businesses. Under the agreement, Coinbase will safeguard digital asset funds and handle stablecoin-to-fiat conversions, while using its Base blockchain network for settlement. Marqeta will manage card issuance, transaction processing, and network and banking connections.

The collaboration allows corporate clients to give users a way to spend stablecoin holdings like cash on everyday transactions. It expands payment choices for both crypto-native firms and mainstream businesses responding to growing interest in digital currency payments.

In regular market action, Marqeta stock traded up 4.46% to $18.99, while Coinbase stock gained 6.32% to $183.80, rebounding from minor losses during premarket trading. Investors will be watching how quickly corporate clients adopt the new stablecoin card product and how transaction volumes build across both platforms.

## Key points

- Marqeta, Inc. (NASDAQ:MQ) and Coinbase Global, Inc. (NASDAQ:COIN) are partnering to offer stablecoin-backed payment cards.
- Coinbase will provide crypto custody, fiat conversion, and on-chain settlement through its Base blockchain network.
- Marqeta will oversee card issuance, transaction processing, and bank and network relationships.
- The cards will let users convert stablecoin balances into everyday spending at both crypto and non-crypto businesses.
- Shares of Marqeta rose 4.46% to $18.99, while Coinbase shares gained 6.32% to $183.80.

## Questions and answers

### What is the Marqeta and Coinbase stablecoin card partnership?

Marqeta and Coinbase are collaborating to let businesses offer payment cards funded by stablecoins. The cards allow users to spend their stablecoin balances on everyday purchases.

### How do Coinbase and Marqeta split responsibilities for the new payment card?

Coinbase manages asset custody, digital asset-to-fiat conversion, and Base blockchain settlement. Marqeta handles payment processing, card issuance, and banking and payment network relationships.

### Which blockchain network powers the Marqeta and Coinbase card settlement?

On-chain settlement for the payment cards is provided by Base, Coinbase's proprietary blockchain, designed for fast, secure, and low-cost transactions.