Stripe partners with Visa to launch stablecoin-linked credit card service through Bridge
2025-05-01 11:32:35
Payment technology company Stripe has announced a partnership with Visa to launch a stablecoin-linked credit card service through Bridge, a stablecoin platform it acquired for $1.10 billion in October 2024. The initial launch will be in Latin American countries such as Argentina, Colombia, Ecuador, Mexico, Peru and Chile, allowing users to spend directly at Visa merchants using stablecoin balances. Bridge handles the exchange settlement of stablecoins to fiat currencies. By integrating stablecoins - digital currencies pegged to stablecoins such as the U.S. dollar - Stripe and Visa aim to facilitate faster and cheaper cross-border transactions, especially in regions with less developed payment infrastructure.
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