Marqeta and Coinbase Partner to Enable Stablecoin-Backed Card Payments

Key Facts

Marqeta announced a collaboration with Coinbase to enable businesses to offer payment cards backed by stablecoin balances. According to a statement on Business Wire, the partnership integrates crypto infrastructure with traditional payment systems, allowing users to spend stablecoin assets via standard payment cards.

MQ closed at $18.99 on October 15, 2026, while COIN closed at $183.81 on the same date. The collaboration seeks to leverage Marqeta's card issuing platform and Coinbase's exchange infrastructure to expand the utility of stablecoins in real-world commerce.