#MastercardStablecoinCards $USDC
The stablecoin payment space is also heating up thanks to Circle recently announcing its own payment network focused initially on cross-border payments and remittances.
Baanx’s stablecoin-linked Visa cards promise a global reach with low-cost cross border payments in the mix, according to the release.
“In many regions, access to stable currency is a luxury. We're giving people the ability to hold and spend USD-backed stablecoins seamlessly — in a self-custodial, real-time way — anywhere Visa is accepted. This is what the future of finance looks like,” said Simon Jones, chief commercial officer at Baanx in a statement.
“We know the payments ecosystem is still in the early innings of stablecoin adoption, but real-world utility is coming to the forefront, and we’re excited for what’s next,” said Rubail Birwadker, Visa’s head of growth products and partnerships in a statement.
