Coinbase and FinTech Cardless are introducing a credit card secured by stablecoins, aimed at people who cannot obtain a standard credit card through traditional, unsecured underwriting. CoinDesk reports that the card is designed for situations where a credit card cannot be approved on an unsecured basis, and PYMNTS adds that Cardless works with Coinbase to enable stablecoin holders to use their assets as collateral when they are otherwise unable to qualify. PYMNTS quotes Cardless co-founder Michael Spelfogel, who says the product is intended for stablecoin holders who cannot get a card via conventional channels. Across the reports, the central premise is that the card is backed by stablecoins held with Coinbase, turning those holdings into collateral for card access. Both outlets frame the launch as a targeted alternative for users facing approval constraints with regular credit cards, rather than as a replacement for the standard credit-card market. Details on pricing, limits, eligibility criteria, and the specific stablecoin mechanics are not provided in the excerpts.