The collaboration between Visa and Bridge, along with Mastercard's previous actions, is of great significance. The entry of these two major payment giants grants stablecoin payments higher credibility and legitimacy. 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 cooperative 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 also face numerous challenges. In terms of regulation, there are significant differences in stablecoin regulatory policies around the world, with many countries and regions still exploring suitable regulatory frameworks, and compliance risks always exist; regarding stability, although called 'stablecoins', some stablecoins may still experience price fluctuations due to market volatility, issuer credit issues, and other problems, affecting users' trust in them as payment tools; additionally, users' understanding and acceptance of cryptocurrencies vary widely, and security risks related to cryptocurrencies, such as hacking and private key loss, can also hinder the widespread adoption of stablecoins in daily payments.
In the future, if regulatory and security issues can be resolved, stablecoin-supported cards may bring new changes to daily payments. On one hand, they may break the high cost and slow speed barriers of traditional cross-border payments, providing more efficient payment options for cross-border consumption and international trade; on the other hand, by leveraging the characteristics of blockchain technology, stablecoin payments can achieve more transparent and traceable transaction processes, optimizing payment experiences in areas such as supply chain finance and e-commerce. However, in the short term, for stablecoins to truly become a mainstream daily payment method, they still need to overcome numerous obstacles and coexist, compete, and integrate with traditional payment methods.