30 April 2025
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Visa Launches Stablecoin-Linked Cards in Latin American Markets
Visa is launching stablecoin-linked cards in collaboration with Bridge, enabling fintech developers to offer these cards for purchases at any Visa-accepting merchant. Key points include:
- Funds are deducted from the cardholder's stablecoin balance and converted into fiat currency for merchants.
- The program starts in Argentina, Colombia, Ecuador, Mexico, Peru, and Chile.
- The stablecoin market is valued at approximately $230 billion.
- Predictions suggest significant growth in this sector, potentially reaching trillions of dollars.
- A Treasury presentation discusses stablecoins' potential impact on bank deposits and monetary supply.
- Stripe's acquisition of Bridge for $1.1 billion closed in February, indicating strong interest in stablecoin payment integration.
This initiative aligns with the increasing adoption of stablecoins as a means for fast, low-cost global payments.