rewrite this title Marqeta and zerohash Enable Stablecoin Spending on International Card Networks – Finovate

Card issuing platform Marqeta has announced a partnership with digital asset infrastructure provider zerohash.

The collaboration will integrate zerohash’s stablecoin infrastructure into Marqeta’s card issuing capabilities to enable companies to offer stablecoin payments to their customers without having to rebuild their core systems.

A Finovate alum since 2016, Marqeta is headquartered in Oakland, California.

Card issuing platform Marqeta and digital asset infrastructure provider zerohash have teamed up to enable Marqeta customers to embed stablecoin payments directly into both new and existing financial products. The integration of zerohash’s stablecoin infrastructure into Marqeta’s card issuing capabilities means organizations will benefit from the ability to offer stablecoin payments to customers without having to rebuild core systems or accept additional regulatory burdens.

“Our customers are building the next generation of financial products, and that requires new ways to manage and move money,” Marqeta Interim Chief Product Officer Anthony Peculic said. “By integrating with zerohash, we will be able to give our customers a full solution to deliver multinational and stablecoin-backed card programs that meet the needs of their users, while also being compliant and ready for global scale.”

Courtesy of the collaboration, Marqeta customers will be able to spend their digital dollars at tens of millions of merchants around the world using a standard payment card, with merchants paid in fiat currency. Marqeta will manage card issuance, acceptance, and bank and network relationships. zerohash will provide the underlying infrastructure that supports custody, compliance, and liquidity for on-chain money custody and movement.

The partnership between the two companies comes at a time when stablecoin adoption is accelerating throughout financial services. In February of this year, for example, stablecoin monthly transaction volumes reached $7.2 trillion, topping the ACH network’s $6.8 trillion for the first time. zerohash saw its own transaction volume grow 6.9x year-over-year in 2025, with transaction frequency up more than 2x. Having partnered with crypto companies to power debit card offerings in the US and Europe that enable spending in fiat currency based on crypto holdings, Marqeta will now be able to expand its capabilities to enable crypto and non-crypto companies to make stablecoin-based payments a part of their offering.

“Compatibility between stablecoins and traditional payment networks is a critical unlock for users’ onchain money, while also opening new opportunities for traditional businesses through stablecoin-backed cards,” zerohash CEO and Founder Edward Woodford said. “zerohash’s role is to abstract the complexity behind the scenes so stablecoins can be leveraged as a seamless part of everyday payments and money movement.”

A cryptocurrency, stablecoin, and tokenized asset infrastructure provider, zerohash offers an API and an embeddable dev kit that enables innovators to launch solutions for cross-border payments, commerce, trading, payroll, remittance, tokenization, and on/off-ramps. Headquartered in Chicago, Illinois, and founded in 2017, zerohash serves fintechs, marketplaces, banks, brokerages, trading platforms, and more with regulated crypto trading and staking, real-time stablecoin payments, and tokenized financial products. The company supports more than 100 different assets, has more than seven million end customers, and a global regulatory footprint across the European Union, Latin America, Australia, New Zealand, Bermuda, and the US. The firm also operates regulated entities in 51 US jurisdictions.

A Finovate alum since 2016, Marqeta debuted at our developer conference, FinDEVr Silicon Valley. The Oakland, California-based fintech offers card issuing, including virtual cards and tokenization, as well as processing and settlement services with Just-in-Time (JIT) funding and dynamic spend controls. Marqeta’s solutions enable businesses to transform real-time data into personalized, optimized solutions to enhance consumer loyalty, capital efficiency, and more. Processing nearly $400 billion in annual payment volume in 2025, Marqeta operates in more than 40 countries around the world.

Marqeta’s partnership announcement with zerohash comes as the firm reports that it has expanded its collaboration with fellow Finovate alum Expensify. The spend management software platform is leveraging Marqeta’s card issuing platform to bring its solution to customers in the UK and EU.

“Businesses across Europe are seeking expense management tools that are simple, automated, and designed to save them time and money,” Expensify Chief Strategy Officer Daniel Vidal said. “Through our expanded partnership with Marqeta, we’re able to bring our proven corporate card capabilities to Europe, delivering the same high-quality spend management solutions our US customers rely on to businesses of any size across the region.”

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