According to PANews on May 1st, Visa has partnered with 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 merchants worldwide that accept Visa. Bridge converts stablecoins to fiat currency for merchants and supports adding cards to digital wallets, applicable to over 150 million Visa merchants.
The initial launch countries include Argentina, Colombia, Ecuador, Mexico, Peru, and Chile, with plans to expand to Europe, Africa, and Asia in the future. Additionally, Bridge has partnered with Lead Bank to streamline the card issuance process for developers across multiple countries.
