Marqeta Enables New Payment Experiences with Stablecoin-Backed Card Solutions

Stablecoins are becoming a durable, complementary layer in global money movement, particularly where speed, price stability and cost matter most. In order to make stablecoins useful for commerce, they are starting to be incorporated into the infrastructure people and businesses already trust and use every day.

Marqeta is built to close this gap. With its comprehensive, configurable card issuing platform capabilities and growing ecosystem of stablecoin infrastructure partners, including BVNK, Coinbase and zerohash, Marqeta is cementing its position at the intersection of crypto and fiat payments and powering the payment infrastructure for the next generation of financial products that are fast, compliant, and built to scale.

Marqeta is growing a partner ecosystem for stablecoin-backed card solutions

By partnering with BVNK, Coinbase and zerohash, Marqeta will be able to deliver stablecoin-backed card capabilities to both crypto-native and non-crypto companies. The result is a payment card that runs on existing card rails, so users can store and spend stablecoins at any merchant that accepts cards without extra integrations or regulatory work.

The crypto infrastructure partner will handle stablecoin custody, compliance, and liquidity, while Marqeta manages card issuance, processing, and the bank and network relationships. BVNK, Coinbase and zerohash each have their own networks, customers, and geographic strengths, so Marqeta can provide options for customers to work with the provider that best suits their businesses. With these partnerships, Marqeta can bring flexible solutions to platforms making payments globally and the businesses and individuals they serve.

Stablecoin-backed cards built for modern businesses and consumers

Today, platforms looking to launch card programs across multiple markets are often required to set up local banking relationships, funding arrangements and the operational infrastructure. For international consumers and businesses who want to hold funds in their desired currency – such as dollars, euros or pounds – they often have to rely on a local bank that may not offer that balance. Additionally, companies that want to let users spend stablecoin typically require them to cash out or convert their balances to fiat before making purchases, potentially adding fees and delays to access their money.

Stablecoin-backed cards address these pain points. Companies can more easily launch international card programs with fewer local partnership requirements, less operational overhead, and faster scale. Meanwhile, users can hold funds in stablecoin pegged to major currencies and spend them anywhere cards are accepted. Meanwhile, these capabilities have the potential to unlock a range of use cases, including:

Digital currency wallets: For companies looking to provide crypto experiences, a card is a natural complement to their product that keeps funds on the platform. Any business or consumer holding stablecoins can spend them directly from the card, without converting or cashing out first.

Worker and creator payouts: Platforms can pay gig workers, creators and sellers around the world into a stablecoin wallet with a linked card. For example, recipients can hold their earnings in dollar-pegged stablecoin and spend them immediately.

Multinational expense management: Expense platforms can support employees in many markets from a single card program, with fewer local banking relationships to fund the cards.

Supplier payments: Businesses can hold stablecoins and pay suppliers directly from that balance, without converting to fiat first. Suppliers simply accept a card payment, with no need to support stablecoins themselves.

Remittances: Individuals receiving money from abroad can keep it in a stablecoin balance pegged to the currency of their choice and spend it as soon as it arrives, with no trip to a cash-out location.

Marqeta’s stablecoin partnerships and modern card issuing capabilities allow it to deliver flexible solutions to companies looking to unlock the value of stablecoin. Marqeta brings more than 15 years of card issuing experience supporting large, multinational programs, including powering crypto-backed cards. Combined with the compliance and program management capabilities that enterprise programs depend on, that experience means companies can launch stablecoin-backed cards with the same standards they expect from the rest of their payments infrastructure.

As stablecoin networks mature and become an increasingly important part of global money movement and settlement, Marqeta’s multinational platform and partner ecosystem – including network, bank, and crypto infrastructure partners – are built to help companies bring new financial products to market faster. Marqeta is invested in expanding its stablecoin capabilities and partner ecosystem to support the current and evolving needs of its customers.