Coinbase has partnered with fintech firm Cardless to launch a credit card that uses stablecoins as collateral, targeting users who cannot qualify for traditional unsecured credit. The product fills a gap in the credit market by allowing holders to leverage their stablecoin holdings rather than undergoing standard credit approval processes. This approach effectively bridges decentralized finance concepts with conventional consumer credit infrastructure, enabling crypto asset holders to access spending power without liquidating their positions. The card represents a broader push by Coinbase to integrate crypto-native financial products into everyday use cases, building on growing regulatory and institutional acceptance of stablecoins as a legitimate store of value and financial instrument.
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