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Visa launches stablecoin-linked card in Latin America
According to a report by Finance Feeds on May 1, Deep Tide TechFlow news states that Visa has partnered with the stablecoin platform Bridge to launch a stablecoin Visa card issuance product. Developers using Bridge can integrate through a single API to issue stablecoin Visa cards in multiple countries. Cardholders can use their stablecoin balance for daily purchases at Visa merchants worldwide. Bridge converts stablecoins into fiat to pay merchants and supports adding the card to digital Wallets, applicable to over 150 million Visa merchants.
The first batch of issuance countries includes Argentina, Colombia, Ecuador, Mexico, Peru, and Chile, with plans to expand to Europe, Africa, and Asia in the future. In addition, Bridge is collaborating with Lead Bank to simplify the card issuance process for developers in multiple countries.