According to CoinDesk, Cardless and Coinbase have jointly launched a stablecoin-backed credit card targeting users who cannot obtain a credit card through traditional channels but hold digital assets. Applicants need to pledge a portion of their USDC holdings as collateral, while still earning returns on their pledged assets, and pay a $49.99 fee to obtain the card. Cardless co-founder Michael Spelfogel stated that applicants come from different credit score ranges, some believing in cryptocurrency but just starting to accumulate wealth. This product continues the previous collaboration between the two companies, with the previously launched Coinbase-branded American Express card offering up to 4% Bitcoin cashback.
Coinbase and Cardless jointly launch a stablecoin-backed credit card.
This article is machine translated
Show original
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content
