#StablecoinPayments Visa (VN), opens a new tab and the stablecoin infrastructure provider startup Bridge are partnering to offer Visa cards linked to stablecoins to customers in several countries in Latin America, which, according to the companies, will allow users to make everyday purchases in cryptocurrency tokens.

The move comes at a time when it seems likely that the United States Congress will pass a bill that creates rules for stablecoins for the first time, which, according to experts, could pave the way for more financial companies to use or issue their own stablecoins.

WHY IS IT IMPORTANT?

Stablecoins, a type of cryptocurrency designed to maintain a constant value, usually a 1:1 parity with the dollar, are commonly used by cryptocurrency traders to transfer funds between tokens. Their advocates claim that they could be used to send payments instantly, but it remains a challenge to use them for everyday purchases, as merchants do not usually accept payments in cryptocurrencies.