#StablecoinPayments Visa, Mastercard and Stablecoins

This week, Visa teamed up with a little-known but ambitious fintech startup Bridge to launch stablecoin-backed cards in six countries in Latin America. The word 'backed' is key here — we are talking about dollars, just digital ones. USDC, to be precise. And now, a citizen from Peru can walk into a store for a watermelon, pay with a stablecoin, and the seller receives pesos. And all of this — through Visa.

Wait a second… Do you understand what this means?

150 million merchants now accept digital dollars from citizens who have never had a normal bank account. This is not just fintech. This is a reboot of the financial system.

Inflation? Thank you, we're in digital.

In countries like Argentina, where inflation exceeds 200% per year, the idea of keeping savings in Argentine pesos looks like an attempt to hold water in a sieve. And here comes the alternative: stablecoins. Digital dollars, not subject to the whims of local central banks, which, to put it mildly, few trust.