Crypto
Coinbase, Cardless launch USDC-collateral credit card
Cardless, which has provided credit card services to Qatar Airways and Alibaba, has launched a stablecoin-collateral credit card with Coinbase. The product targets customers who hold digital assets on Coinbase and uses a portion of their USDC as collateral. Cardless co-founder Michael Spelfogel said applicants are mainly people building credit history or growing assets through cryptocurrency. The card has a $49.99 issuance fee, and users continue to earn interest on pledged USDC.
