Visa, Bridge partner over stablecoin-linked cards

Visa (V) and Bridge, a stablecoin orchestration platform and a Stripe company, announced a new card-issuing product involving stablecoins. Fintech developers using Bridge can now offer stablecoin-linked Visa cards to their end customers in multiple countries through a single API integration. Cardholders will be able to make everyday purchases from a stablecoin balance at any merchant location that accepts Visa. For example, when a customer in Colombia shops locally and uses their Bridge-enabled Visa card to pay a merchant, Bridge deducts the requisite funds from the customer’s stablecoin balance and converts the balance into fiat, enabling the merchant to get paid in their local currency like any other transaction. Customers can add these cards to supporting digital wallets and pay at the 150M+ merchant locations that accept Visa. “We’re focused on integrating stablecoins into Visa’s existing network and products in a frictionless and secure way,” said Jack Forestell, Chief Product and Strategy Officer, Visa. “Partnering with Bridge represents a significant move in helping to make stablecoins usable in everyday life, giving consumers more choice in how they manage and spend their money.”