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Column expands offerings to compete with Mastercard and Marqeta in stablecoin card services

Column expands offerings to compete with Mastercard and Marqeta in stablecoin card services

According to the company, the setup allows USDC and USDT to be converted into and out of fiat 24/7 and instantaneously.

Mastercard Incorporated (MA) price

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Market cap
Unavailable: latest SEC share count is older than 200 days
P/E (trailing)
31.9 (EPS to 2026-09-30)
Annual revenue
$32.8B USD (FY ended 2025-12-31) 10-K
Annual revenue growth
+16.4% (FY ended 2025-12-31 vs FY ended 2024-12-31) 10-K
Annual net income
Unavailable: the stored SEC inputs contain a nonzero or conflicting noncontrolling interest share
Annual operating margin
57.6% (FY ended 2025-12-31)
Forward P/E
Unavailable: no dated forecast source

Gloria daily close for session Oct 28, 2026. Market cap and trailing P/E use this close with the SEC share total and trailing diluted earnings, each dated next to its figure. Annual revenue, revenue growth, net income and margin show their own fiscal period and link the 10-K. Current context may postdate this article.

Mastercard Incorporated and its peers

Company PriceMarket capP/E (trailing)Forward P/EAnnual revenue (USD)Annual revenue growthAnnual net income (USD)Operating margin
Mastercard Incorporated MA · Price dated Oct 28, 2026 · tokenized MAx $610Unavailable31.9Unavailable$32.8BFY ended 2025-12-31 · 10-K+16.4%FY ended 2025-12-31 vs 2024-12-31 · 10-KUnavailable57.6%FY ended 2025-12-31
DoorDash, Inc. DASH · Price dated Oct 28, 2026 $169Unavailable88.7Unavailable$13.7BFY ended 2025-12-31 · 10-K+27.9%FY ended 2025-12-31 vs 2024-12-31 · 10-K935,000,000FY ended 2025-12-31, attributable to the company · 10-K5.3%FY ended 2025-12-31
PayPal Holdings, Inc. PYPL · Price dated Oct 28, 2026 · tokenized PYPLx $57$47.0B10.8Unavailable$33.2BFY ended 2025-12-31 · 10-K+4.3%FY ended 2025-12-31 vs 2024-12-31 · 10-K5,233,000,000FY ended 2025-12-31, attributable to the company · 10-K18.3%FY ended 2025-12-31
Uber Technologies Inc. UBER · Price dated Oct 28, 2026 · tokenized UBERx $65$133.3B14.3Unavailable$52.0BFY ended 2025-12-31 · 10-K+18.3%FY ended 2025-12-31 vs 2024-12-31 · 10-K10,053,000,000FY ended 2025-12-31, attributable to the company · 10-K10.7%FY ended 2025-12-31

Missing figures stay unavailable. Forward P/E requires a dated source. Annual revenue, revenue growth, net income and margin come from each company's own 10-K, in US dollars, and each row shows that fiscal year. Revenue growth compares the fiscal year with the prior year stated in the same 10-K. Net income is the full year amount attributable to the company, or available to common stockholders where the filing states only that, or consolidated net income. Each row names its basis. Trailing P/E reads "Not meaningful" when the dated trailing diluted EPS is a loss or zero. An operating margin appears only when the filing states both the operating income and the revenue for the same year.

Sources: SEC filings, Gloria daily closes and CoinGecko. Oldest record refresh: Oct 29, 2026, 12:06 PM EDT. Refresh is not a price or filing date. Each row shows its price date and its annual fiscal period. Peers use industry code and company size, or editorial selection. Market cap multiplies that row price by the company share total the latest SEC filing states for every share class together. Trailing P/E divides it by trailing diluted earnings from SEC filings. Rolled earnings per share are approximate because share counts can change between periods. Both appear only when the SEC data carries its date, so they are estimates at one price date, not synchronized filing valuations. Not investment advice.

Column is expanding its fintech banking platform with new offerings for stablecoin transactions, credit card issuance and global bank accounts as it competes for market share in an increasingly crowded financial-technology infrastructure market, Bloomberg reported Wednesday.

The services position Column against companies such as Mastercard’s BVNK and Marqeta, while rivals including Lead Bank and Cross River Bank are also expanding their fintech relationships.

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The bank’s stablecoin service is designed to let fintechs provide customers with stablecoin transactions through infrastructure connected directly to Column’s banking core.

Column said stablecoin addresses and bank accounts can exist on the same ledger, enabling 24/7 instantaneous conversion between USDC or USDT and fiat currencies. The company will also offer a credit card processor for startups and global banking infrastructure for fintechs seeking to provide dollar accounts and cards to verified customers worldwide.

CEO William Hockey said Column aims to stay at the forefront of financial technology because its fintech customers rely on new technology to compete. Hockey acquired Northern California National Bank in 2021 and renamed it Column, which has since become the banking infrastructure provider for startups including Ramp, Bilt Technologies, Wise and Mercury.

Fintech companies often rely on separate banks, stablecoin issuers and account-connectivity providers to build these products. Column said its expanded offering can combine some of those functions. The bank has generated $350 million in net revenue so far this year and expects to at least double its business for the fifth consecutive year, a spokesperson said.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

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