Coinbase与Marqeta合作扩展稳定币支付卡基础设施
Coinbase And Marqeta Team Up To Bring Stablecoin Payments To Millions Of Merchants
稳定币支付基础设施的关键进展，明确了机构间通过传统卡网络实现法币化支出的具体分工模式，对关注加密支付落地场景的从业者具有参考价值。
TL;DR: Coinbase and card infrastructure company Marqeta are expanding their work on stablecoin-backed payment cards. The arrangement aims to let businesses build programmes that connect digital-dollar balances to conventional merchant payment networks.
TL;DR：Coinbase 和卡基础设施公司 Marqeta 正在扩大其在稳定币支持支付卡方面的合作。该安排旨在让企业构建将数字美元余额与传统商户支付网络连接起来的项目。
Coinbase and Marqeta are making another attempt to close the gap between cryptocurrency wallets and everyday spending.
Coinbase 和 Marqeta 正试图再次弥合加密货币钱包与日常消费之间的差距。
The companies announced expanded cooperation around infrastructure that enables businesses to issue payment cards backed by stablecoin balances.
两家公司宣布在支持企业发行由稳定币余额背书的支付卡的基础设施方面扩大合作。
The objective is to allow customers to use digital dollars in ordinary card transactions without requiring every merchant to accept cryptocurrency itself.
其目标是允许客户在普通卡片交易中使用数字美元，而无需每个商户都直接接受加密货币。
The Blockchain Stays Behind The Scenes
区块链在幕后运作
Under the arrangement, Marqeta provides card issuing technology and access to established payment infrastructure.
根据该安排，Marqeta 提供发卡技术以及对成熟支付基础设施的访问权限。
Coinbase contributes cryptocurrency custody, stablecoin conversion and settlement services, potentially using its Ethereum Layer-2 network Base for parts of the process.
Coinbase 贡献加密货币托管、稳定币兑换及结算服务，并可能在流程的某些部分使用其以太坊 Layer-2 网络 Base。
A customer using such a card would interact with a conventional payment interface. The blockchain component would operate behind the scenes, supporting transfers between financial partners.
使用该卡的客户将与传统的支付界面进行交互。区块链组件将在幕后运行，支持金融机构合作伙伴之间的转账。
That model matters because merchants already understand card payments. Asking them to adopt entirely new wallet software would be a much harder commercial proposition.
这种模式之所以重要，是因为商户已经熟悉卡片支付。要求他们采用全新的钱包软件将是一个更难实现商业提案。
Not A New Card For Every Coinbase Customer
并非为每位 Coinbase 客户发行新卡
The announcement concerns technology that other businesses can use to develop their own programmes. It should not be confused with the immediate launch of a finished payment card for all consumers.
此次公告涉及的是其他企业可用于开发自身项目的技术。不应将其误解为立即向所有消费者推出成品支付卡。
Nor does blockchain settlement remove ordinary card-network fees or regulatory requirements.
此外，区块链结算并不能免除普通的卡网络费用或监管要求。
Still, the arrangement illustrates where stablecoin adoption may be heading. Crypto companies increasingly want digital dollars to support normal financial services rather than remain isolated within trading platforms.
尽管如此，该安排展示了稳定币采用的可能方向。加密公司越来越希望数字美元能够支持正常的金融服务，而不是孤立于交易平台之内。
If the model grows, consumers may spend stablecoins without needing to understand which blockchain handles the underlying transactions.
如果该模式得以发展，消费者可能会在不了解底层交易由哪个区块链处理的情况下花费稳定币。
Written by the News Desk and edited by Samuel Rae.
由新闻编辑部撰写，Samuel Rae 编辑。
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