Visa and Bridge Expand Stablecoin Card Program to Over 100 Countries
- Visa and Bridge are expanding their stablecoin card program to 18 countries, aiming for over 100 by year-end.
- The initial launch occurred in April, focusing on markets in Latin America, including Argentina and Mexico.
- Transactions will now be settled directly in stablecoins through a partnership with Lead Bank.
- Visa is also testing stablecoin settlements in its pilot program for issuers and acquirers.
- Bridge has received conditional approval from a US regulator to operate as a national trust bank.
This expansion reflects Visa’s commitment to integrating stablecoins into the payment process, enhancing transaction speed and transparency. The collaboration with Bridge allows businesses to utilize custom stablecoins seamlessly within their card programs.
With plans to reach over one hundred countries, this initiative marks a significant step in the evolving landscape of digital payments using stablecoins.
