Coinbase and Marqeta expand cooperation to launch enterprise-level stablecoin card

According to The Defiant, Coinbase is expanding its partnership with payment infrastructure company Marqeta to launch a stablecoin card product aimed at businesses, allowing companies to fund their card programs around the clock.

According to the plan, Coinbase will be responsible for holding the relevant fund balances, while the Base network will provide on-chain settlement infrastructure.