Coinbase has teamed up with payment technology firm Cardless to unveil a new credit card backed by stablecoins, specifically targeting digital asset holders who struggle to qualify for traditional credit cards. Users are required to deposit a portion of their USDC holdings into Coinbase as collateral, allowing them to access credit while still earning yield on their deposited assets. The card comes with an annual fee of $49.99, offering a novel financial solution for crypto enthusiasts.