Cardless partners with Coinbase to launch a new credit card with stablecoins as collateral

BlockBeats News, June 9 — Credit card service provider Cardless has partnered with Coinbase to launch a new credit card backed by stablecoins, primarily targeting users who are unable to apply for unsecured credit cards. These users can use their held USDC as collateral for the new credit card, and the collateralized USDC can earn yields.
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