A new Coinbase Cardless stablecoin credit card wants to do something the traditional banking system has largely refused to do: give stablecoin holders access to credit using the crypto they already own. The product flips the usual underwriting model on its head, letting applicants pledge their USDC holdings as collateral instead of relying on credit history alone.
The idea is simple, but the execution matters. If you hold stablecoins on Coinbase and cannot qualify for a standard unsecured credit card, this card offers another path. Lock a portion of your USDC on the exchange as collateral, pay a $49.99 access fee, and you get a functioning credit card while your collateral keeps earning yield in the background.
That detail stands out because most secured credit products freeze your money. This one does not.
Coinbase and Cardless Launch Stablecoin-Backed Credit Card
Targeting Stablecoin Holders Without Traditional Credit Access
Cardless co-founder Michael Spelfogel was dire
We współpracy z: https://en.cryptonomist.ch/2026/06/09/coinbase-cardless-stablecoin-credit-card/
