- Coinbase will hold customers' stablecoins and handle conversions between digital and traditional currencies, while Marqeta issues the cards and processes payments.
- Cardholders can spend stablecoins at millions of merchants that accept cards, and businesses can fund card programs 24/7 with onchain settlement handled by Base.
- The release did not specify fees, a rollout date, or which stablecoins will be supported at launch.
- Chainalysis counted more than 138 million x402 payments on Base by Q3 2026, and more than 87% of them fell between a hundredth of a cent and 10 cents.
- Evernorth plans a phased move into XRP lending and yield strategies following its Nasdaq debut, per The Block.
Quotes
“Coinbase is enabling businesses to move money with the speed and efficiency they require”