Visa Launches Stablecoin Card Program for Fintech Developers in Latin America

Visa, the world’s leading payments company, has partnered with Bridge to offer a new solution for fintech developers in Latin America. This program enables the issuance of Visa cards directly linked to stablecoin balances, simplifying transactions and creating more accessible financial tools. This new platform will allow users across six countries in the region—Argentina, Colombia, Ecuador, Mexico, Peru, and Chile—to seamlessly manage their funds using stablecoins, which are pegged to fiat currencies like the US dollar or Euro. These stablecoin cards offer a frictionless and secure way to make purchases and use them for everyday payments within local economies. Bridge handles the complex processes of managing stablecoin conversions and fund transfers, while collaborating with Lead Bank to ensure smooth financial operations. This initiative aims to bridge the gap between traditional card transactions and the growing adoption of digital currency in Latin America, where cryptocurrency usage has surged due to its stability compared to volatile local currencies. Visa’s goal is to integrate stablecoins seamlessly into their network, enabling users to utilize them as readily accepted payments without unnecessary complications. This partnership marks a significant step toward the broader acceptance of stablecoins as viable currency across various platforms.