Coinbase (COIN) and Cardless unveil credit card backed by stablecoins

The stablecoin-secured card is for situations where a credit card cannot be approved on an unsecured basis.

Cardless, a firm that has facilitated credit cards for brands like Qatar Airways and Alibaba, said it developed a payment card in conjunction with crypto exchange Coinbase (COIN) for stablecoin holders who are unable to obtain one through traditional channels.

The Coinbase…