Coinbase and Cardless unveil credit card backed by stablecoins

Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Coinbase and Cardless unveil credit card backed by stablecoins The stablecoin-secured card is for situations where a credit card cannot be approved on an unsecured basis. By Ian Allison | Edited by Sheldon Reback Jun 9, 2026, 8:04 a.m. 1 min read Make preferred on Coinbase CEO Brian Armstrong (Jesse Hamilton/CoinDesk) What to know : Cardless and Coinbase are introducing a payment card that lets stablecoin holders use their crypto as collateral when they cannot qualify for a traditional unsecured credit card. Applicants set aside a portion of their USDC holdings on Coinbase as collateral, continue to earn yield on those sequestered assets and pay a $49.99 fee for access to the card. The product extends a partnership that began with a Coinbase-branded American Express card offering up to 4% bitcoin cashback and reflects Cardless’s push to modernize rigid, bank-centric credit programs. Cardless, a firm that has facilitated credit cards for brands like Qatar Airways and Alibaba, said it developed a payment card in conjunction with crypto exchange Coinbase (COIN) for stablecoin holders who are unable to obtain one through traditional channels.