Coinbase and Marqeta Partner to Launch Stablecoin Payment Cards on Base Network

Key Facts

1Coinbase announced a partnership with Marqeta to launch stablecoin-backed payment cards for global businesses using the Base network.

2Coinbase shares fell 3% despite the announcement of the new deal.

Coinbase announced a partnership with Marqeta to launch stablecoin-backed payment cards for global businesses using the Base network. Benzinga reported that the collaboration aims to expand the utility of stablecoins in real-world business transactions via Coinbase's Base blockchain infrastructure.

Coinbase (COIN) shares closed at $183.81 on October 15, 2026, declining 3% following the announcement of the new deal. On the same date, Marqeta (MQ) shares closed at $18.99, with the session trading between a low of $18.22 and a high of $19.05.