Baanx and Visa Launch Stablecoin Payment Card Linked to Self-Custody Wallets

According to Odaily, Baanx has partnered with Visa to introduce a stablecoin payment card linked to self-custody wallets, initially supporting Circle's USDC. This card allows holders to spend USDC directly from their crypto wallets. Through smart contracts, the USDC balance is transferred to Baanx in real-time upon authorization, where it is then converted to fiat currency for payment completion. Baanx is also collaborating with Mastercard to develop a wallet card linked to MetaMask. The company stated, "We are empowering people to hold and spend dollar stablecoins in a self-custody, real-time manner—this is the future of finance."