Coinbase and Cardless Launch Stablecoin-Collateralized Credit Card for Users Unable to Pass Traditional Credit Approval

TechFlow News, June 9: According to CoinDesk, Coinbase has partnered with payments technology company Cardless to launch a credit card backed by stablecoins. Designed for users who hold digital assets but cannot qualify for traditional unsecured credit cards, applicants must deposit a portion of their USDC into Coinbase as collateral. The deposited USDC continues to earn yield during the collateral period, and applicants must pay an annual fee of $49.99.