Coinbase and Cardless Launch Stablecoin-Backed Credit Card with $49.99 Annual Fee

USDC0.04%
According to CoinDesk, Coinbase and Cardless introduced a credit card that allows stablecoin holders to pledge their USDC holdings as collateral when they do not qualify for traditional unsecured credit cards. Cardholders pay $49.99 annually for access while continuing to earn yield on their sequestered USDC, according to Cardless co-founder Michael Spelfogel. The product targets users across the full credit spectrum, particularly those new to cryptocurrency who are building wealth.
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