Stablecoin Daily Payments: A Key Step for Cryptocurrency Towards Mainstream

Visa and Bridge have launched the Stablecoin Visa Card in Latin America, closely following Mastercard's integration of stablecoin payments. This is undoubtedly a significant breakthrough for cryptocurrency's move towards mainstream adoption. As payment giants, their actions are transforming stablecoins from specialized assets in the crypto domain into everyday payment tools for the general public.

With the Stablecoin Visa Card, cardholders can seamlessly convert their stablecoin balances into local fiat currency for consumption at over 150 million Visa merchants worldwide. This service has been launched in Argentina, Colombia, Ecuador, Mexico, Peru, and Chile, with plans to expand to Europe, Africa, and Asia in the future. Mastercard is also creating a seamless payment ecosystem by collaborating with Circle, Paxos, and Nuvei, enabling 150 million merchants globally to accept stablecoin payments.

Stablecoin-supported cards will significantly shape the future of daily payments. They make the payment process more convenient, as consumers no longer need to convert crypto assets into fiat currency for transactions, simplifying the steps and lowering the barriers. Additionally, the stable value characteristics of stablecoins mitigate the risks associated with the significant price fluctuations of cryptocurrencies, making merchants and consumers more willing to accept and use them. This will also promote innovation and development in the cryptocurrency space, attracting more developers and businesses to participate, and creating more applications and services based on stablecoins, further expanding the use cases of cryptocurrencies. In summary, stablecoin-supported cards are expected to become an important bridge for cryptocurrency to enter the mainstream, opening a new chapter in daily payments.