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Visa Launches Stablecoin-Linked Cards in Six Latin American Countries

The new Visa cards, developed with Stripe-owned Bridge, enable real-time stablecoin conversion for local currency payments, with plans for global expansion.

Credit card is seen in front of displayed Visa logo in this illustration taken, July 15, 2021. REUTERS/Dado Ruvic/Illustration
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Latin America mastercard stablecoins visa

Overview

  • Visa's stablecoin-linked cards are now available in Argentina, Colombia, Ecuador, Mexico, Peru, and Chile, allowing users to pay merchants in local currency through real-time stablecoin conversion.
  • The cards, powered by Bridge's stablecoin infrastructure, function like standard Visa cards and can be used at any merchant that accepts Visa.
  • Developers using Bridge's platform can issue these cards without needing to build local financial infrastructure, simplifying cross-border payment solutions.
  • Visa plans to expand the service to Europe, Africa, and Asia in the coming months, aiming to scale its stablecoin capabilities globally.
  • Stablecoins, pegged to fiat currencies, are increasingly popular in regions with volatile local currencies, offering faster, more stable cross-border transactions.