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.