Coinbase and Marqeta Expand Partnership for Enterprise Stablecoin Cards

Coinbase and Marqeta announced an expanded partnership on October 16, 2026, to provide stablecoin-backed payment cards for enterprise customers, enabling businesses to spend digital assets at standard merchants that accept traditional cards. Marqeta processed nearly $400B in payments volume in 2025 across over 40 countries and will manage card issuing, payment processing, and relationships with financial institutions and card networks. Coinbase will manage stablecoin custody, fiat currency conversion, and on-chain settlement through its Base blockchain, giving card programs 24/7 funding access outside standard banking hours. The companies previously partnered in 2020-2021 to launch Coinbase's consumer crypto spending card, and this expansion shifts focus toward crypto-native businesses and traditional firms integrating digital assets into everyday fiat operations, though neither company disclosed volume or revenue figures tied to the deal.