Visa launches stablecoin-linked card in Latin America

ChainCatcher news, according to Finance Feeds, 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 balances for everyday purchases at merchants worldwide that accept Visa. Bridge converts the stablecoins into fiat currency to pay merchants and supports adding the card to digital wallets, applicable to over 150 million Visa merchants.

The first issuing 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.