According to ChainCatcher news and Finance Feeds, Visa has partnered with the stablecoin platform Bridge to launch a stablecoin Visa card issuance product. Developers using Bridge can issue stablecoin Visa cards in multiple countries through a single API integration. Cardholders can use their stablecoin balances for everyday purchases at merchants that accept Visa worldwide. Bridge converts the stablecoins into fiat currency to pay merchants and supports adding cards to digital wallets, applicable to over 150 million Visa merchants.
The first issuing countries include Argentina, Colombia, Ecuador, Mexico, Peru, and Chile, with plans to expand to Europe, Africa, and Asia in the future.
In addition, Bridge collaborates with Lead Bank to simplify the card issuance process for developers in multiple countries.