March 4 News: Global payments giant Visa Inc. is accelerating its development of stablecoin payment networks. The company announced an expansion of its partnership with Bridge to promote the issuance of stablecoin-linked cards worldwide, with plans to cover more than 100 countries and regions by the end of 2026. Following the announcement, Visa’s stock price slightly declined to around $317 during trading.
According to disclosed information, Bridge currently supports fintech companies issuing Visa payment cards backed by stablecoin balances. These cards can be directly linked to crypto wallets, allowing users to make purchases at over 175 million merchants worldwide. During payment, the system automatically converts stablecoin balances into fiat currency for settlement, ensuring compatibility with traditional retail payment systems while maintaining the convenience of digital asset payments.
Initially, this plan was mainly targeted at the Latin American market and has already been implemented in 18 countries. As the partnership deepens, Visa and Bridge plan to gradually expand stablecoin cards to Europe, Asia-Pacific, the Middle East, and Africa. Industry experts believe this move indicates that stablecoin payments are transitioning from regional pilots to broader international deployment.
Meanwhile, Visa is also advancing a pilot project for on-chain stablecoin settlement. Some partner banks have joined the testing, utilizing blockchain infrastructure provided by Bridge to settle transactions using stablecoins on designated networks. This mechanism aims to evaluate the potential advantages of blockchain settlement in terms of transaction speed, operational efficiency, and accounting reconciliation, comparing it with traditional payment clearing systems.
Notably, Bridge was previously acquired by Stripe for approximately $1.1 billion and has obtained a conditional national bank charter from the U.S. Office of the Comptroller of the Currency (OCC). This allows Bridge to offer custodial services, stablecoin issuance, and reserve management in the future, providing a more comprehensive financial compliance framework for stablecoin payment infrastructure.
As stablecoins continue to expand in cross-border remittances, payroll, and corporate payments, traditional payment networks are gradually integrating programmable digital assets into their systems. The collaboration between Visa and Bridge is seen as a significant step toward the commercialization of stablecoins in the global payments industry.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Mega Bank's Director Rui-bin Zhuang tests stablecoin remittances, but the costs of blockchain are misunderstood.
Mega Financial Holding Co. held a media briefing on the 10th. Chairman Dong Rui-bin revealed that to objectively compare the efficiency of bank and blockchain remittances, Mega Bank mobilized 17 countries worldwide and 25 overseas branches last year for testing. Branch staff opened accounts at local legal exchanges and used the virtual asset trading platform BitoPro to trade USDT stablecoins, transferring 50 USDT each time back to Taiwan, and compared this with traditional bank cross-border wire transfers.
The results showed that stablecoins do have advantages for small-scale cross-border remittances. However, for remittance amounts exceeding the equivalent of NT$200,000 (about $7,000 USD), banks remain more cost-competitive.
Mega Experiment: Banks Are More Cost-Effective for Transfers Over $7,000 USD
The test results indicated that in the scenario of "paying NT$ in Taiwan and receiving local currency at the destination," bank wire transfers generally arrive within about 2 hours, with a fee of approximately
ChainNewsAbmedia1h ago
HyperGPT Launches HyperStore, an AI App Marketplace for Web3
HyperGPT has launched HyperStore, an AI app marketplace connecting developers and users, enabling app monetization and promotion within a growing community. Developers can showcase various AI products to earn revenue while simplifying access to Web3 users.
BlockChainReporter1h ago
Circle's USYC asset management surpasses $2 billion
Gate News Announcement, March 10 — The stablecoin issuer Circle officially announced that as the application of tokenized money market funds continues to expand in the industry, the assets under management of its product USYC have surpassed $2 billion.
GateNews3h ago
Elon Musk's X Money App Nears Public Launch, No Sign of Dogecoin
Elon Musk's X Money will launch public beta in April, offering peer-to-peer transfers, direct deposits, and yield earning. Despite Musk's support for Dogecoin, the app currently has no crypto integration, though future features may include it.
Decrypt3h ago
Ripple Director Names Turkey, Nigeria and UAE as "Must-Watch" Markets - U.Today
Ripple's Reece Merrick outlined plans for the RLUSD stablecoin, targeting Turkey, Nigeria, and the UAE to enhance global expansion. These nations show significant digital dollar demand, critical for financial operations, with projections of $33 trillion in stablecoin transactions by 2025.
UToday3h ago
Justin Sun Reaffirms Zero-Tolerance Policy on Illegal Activities at Tron
TRON founder Justin Sun says his companies maintains zero tolerance against illegal activities like embezzlement, unauthorised computer access and bribery.
He threatened legal action against those who spread false rumors online and ‘smear judicial organs’ just days after two of his companies
CryptoNewsFlash3h ago
