Coinbase and Cardless launch USDC-secured credit card with $49.99 fee and yield on collateral
Coindesk •
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Promote with Leviathan NewsCoinbase and Cardless are adding a secured version of the Coinbase One credit card for users who fail the standard unsecured approval but hold USDC on Coinbase. Applicants lock part of their USDC balance as collateral, keep earning yield on that sequestered USDC, and pay $49.99 for access. The pitch is crypto collateral underwriting grafted onto a credit card, extending the same partnership behind Coinbase’s Amex card with up to 4% BTC cashback.
TLDR by @Benthic
More coverage
- Coinbase Rolls Out USDC-Secured Credit Card Option | MEXC News (mexc.com)
- Coinbase One Card (coinbase.com)
- The Coinbase One Card - Cardless | Embedded Credit Card Platform (cardless.com)
- Coinbase One Card (coinbase.com)
- Coin Bureau (x.com)
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