Summary
- Visa and Bridge said they plan to expand issuance of stablecoin-linked cards from 18 countries to more than 100.
- They said the cards are used in conjunction with wallet platforms such as Phantom and MetaMask, expanding global usage.
- Visa and Bridge said they are working with Lead Bank, companies and fintech firms to support issuance of stablecoin-based Visa cards and strengthen links to the global payments ecosystem.
Forecast Trend Report by Period
Visa and Bridge, a stablecoin company under Stripe, are expanding issuance of stablecoin-linked cards worldwide.
According to CoinDesk, a crypto-focused media outlet, stablecoin-linked cards issued via Bridge are currently available in 18 countries and are expected to expand by year-end to more than 100 countries, including Europe, Asia-Pacific, Africa and the Middle East. The cards are used in conjunction with wallet platforms such as Phantom and MetaMask.
Bridge is working with Lead Bank, a participating bank in Visa’s stablecoin settlement pilot program, to support companies and fintech firms in issuing stablecoin-based Visa cards.
Cuy Sheffield, Visa’s head of crypto, said, "By expanding our collaboration with Bridge, we can directly bring stablecoins’ speed, transparency and programmability into the settlement process," adding, "This expands partners’ options for how they move value while strengthening Visa’s role as a trusted network connecting stablecoins with the global payments ecosystem."
Zach Abrams, Bridge co-founder, said the expansion will enable companies that issue their own stablecoins to use them seamlessly within card programs.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
