The collaboration between Visa and Bridge, as well as Mastercard's previous actions, is of great significance. The entry of these two payment giants lends higher credibility and legitimacy to stablecoin payments. With Visa's vast acceptance network of over 150 million merchants, it can greatly enhance the convenience and coverage of stablecoin daily payments, making it easier for ordinary users to access and use stablecoins. This collaborative model may also encourage more traditional financial institutions to explore the cryptocurrency space, accelerating the development of the industry ecosystem.
However, while stablecoin-supported cards are shaping the future of daily payments, they face numerous challenges. In terms of regulation, there are significant differences in regulatory policies for stablecoins around the world, and many countries and regions are still in the process of exploring suitable regulatory frameworks, with compliance risks always present; in terms of stability, although they are called 'stablecoins', some stablecoins may still experience price fluctuations due to market volatility, issuer credit, and other issues, affecting users' trust in them as payment tools; additionally, users' understanding and acceptance of cryptocurrencies vary widely, and security risks associated with cryptocurrencies, such as hacking attacks and private key loss, may also hinder the widespread application of stablecoins in daily payments.