Card Processor Giants Enter Stablecoin Settlement: Marqeta and Coinbase Wire Stablecoin Cards Through Base
Photo: Forkast
Marqeta and Coinbase announced on October 16, 2026, a collaboration to enable stablecoin-backed card payments for Marqeta’s enterprise customers. By embedding Coinbase’s Base-based settlement into Marqeta’s existing issuing and processing platform, the partnership allows businesses to offer stablecoin-backed cards without the heavy lifting of building their own crypto infrastructure. This move signals that the card processor layer is officially entering the stablecoin settlement business, shifting the focus from consumer-facing crypto cards to backend infrastructure integration. The Marqeta-Coinbase model occupies a distinct middle ground in the current market.
Source: Forkast
