The stablecoin-secured card is for situations where a credit card cannot be approved on an unsecured basis. 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 t…
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