$USDC

Visa announced a partnership with Bridge to launch cards backed by stablecoins in Latin America. This means that instead of these cards being linked only to the dollar or euro, you will be able to spend stable currencies like USDC, USDP, and FDUSD in any purchase at more than 150 million merchants that accept Visa, marking a significant shift in the global payments strategy.

Why is this step important?

The presence of Visa and Mastercard in the equation gives confidence to the average user and businesses that stablecoins have become part of the financial infrastructure, not just investment assets.

In Latin America, such as Peru and Argentina, where inflation is high and local currencies are unstable, stablecoins will provide protection against price fluctuations and enable people to access a stable payment method.