#StablecoinPayments Visa and the specialized Bridge for stablecoin infrastructure launch cards linked to Stablecoins in South America. Stablecoins are a type of stable digital token linked to a traditional asset, such as the US dollar. It is designed to maintain a constant value of 1:1. A digital asset linked to the traditional dollar is USDC.

Most merchants still do not accept payments in cryptocurrencies for everyday purchases, so Bridge will deduct funds from a user's stablecoin balance and convert them into local currency so that the merchant receives their payment in their local currency.

The innovative aspect of this project allows users to make payments via Visa cards in countries such as Argentina, Colombia, Ecuador, Chile, Peru, and Mexico. Additionally, Visa and Bridge have announced that this ambitious product will soon expand to Europe, Africa, and Asia in the coming months.

This week, Mastercard revealed that it is partnering with cryptocurrency companies so that businesses and individuals can make payments with stablecoins anywhere in the world.