March 4 News: Global payments giant Visa Inc. is accelerating its development of stablecoin payment networks. The company announced an expansion of its partnership with Bridge to promote the issuance of stablecoin-linked cards worldwide, with plans to cover more than 100 countries and regions by the end of 2026. Following the announcement, Visa’s stock price slightly declined to around $317 during trading.
According to disclosed information, Bridge currently supports fintech companies issuing Visa payment cards backed by stablecoin balances. These cards can be directly linked to crypto wallets, allowing users to make purchases at over 175 million merchants worldwide. During payment, the system automatically converts stablecoin balances into fiat currency for settlement, ensuring compatibility with traditional retail payment systems while maintaining the convenience of digital asset payments.
Initially, this plan was mainly targeted at the Latin American market and has already been implemented in 18 countries. As the partnership deepens, Visa and Bridge plan to gradually expand stablecoin cards to Europe, Asia-Pacific, the Middle East, and Africa. Industry experts believe this move indicates that stablecoin payments are transitioning from regional pilots to broader international deployment.
Meanwhile, Visa is also advancing a pilot project for on-chain stablecoin settlement. Some partner banks have joined the testing, utilizing blockchain infrastructure provided by Bridge to settle transactions using stablecoins on designated networks. This mechanism aims to evaluate the potential advantages of blockchain settlement in terms of transaction speed, operational efficiency, and accounting reconciliation, comparing it with traditional payment clearing systems.
Notably, Bridge was previously acquired by Stripe for approximately $1.1 billion and has obtained a conditional national bank charter from the U.S. Office of the Comptroller of the Currency (OCC). This allows Bridge to offer custodial services, stablecoin issuance, and reserve management in the future, providing a more comprehensive financial compliance framework for stablecoin payment infrastructure.
As stablecoins continue to expand in cross-border remittances, payroll, and corporate payments, traditional payment networks are gradually integrating programmable digital assets into their systems. The collaboration between Visa and Bridge is seen as a significant step toward the commercialization of stablecoins in the global payments industry.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Stablecoin Infrastructure Perena Launches USDT Vault Glow Vault on Solana
Perena launches the Curated USDT Vault Glow Vault on Solana, developed by Blueprint Finance. It employs a delta-neutral quantitative strategy with an annualized return of approximately 8.5%. Users can earn points rewards and receive liquidity savings stablecoin USD STAR.
GateNews51m ago
Theo will start a $100 million gold-backed interest-bearing stablecoin thUSD pre-deposit tomorrow.
Gate News Announcement: On March 9, the on-chain financial market platform Theo will open a $100 million pre-deposit for the gold-backed interest-bearing stablecoin thUSD Genesis Vault through Concrete on March 10. thUSD is built on the tokenized gold product thGOLD, which earns interest by lending gold to retailers and hedges gold futures on platforms like CME to construct
GateNews52m ago
Solana DEX Aggregator Titan Launches Privacy Trading Feature Private Swaps
Gate News Announcement, March 9 — Solana DEX aggregator Titan has launched the Private Swaps feature, supported by Vanish, allowing users to conduct anonymous transactions on the Solana network by masking their wallets. Currently, this feature supports exchange transactions involving SOL. Additionally, users who complete Private Swap transactions on Titan will receive a new Titan Privacy badge.
GateNews1h ago
The Ethereum Foundation will stake approximately 70,000 ETH using open-source software from Bitwise.
Gate News reports that on March 9, asset management firm Bitwise announced that the Ethereum Foundation is using its open-source software Dirk and Vouch, developed by its on-chain staking division, for treasury staking. The Ethereum Foundation has completed its first deposit of 2,016 ETH and plans to ultimately stake approximately 70,000 ETH, worth about $140 million. This staking aims to ensure network security and client diversity through Dirk's distributed signer and Vouch's multi-client verification tools.
GateNews1h ago
IOTA Co-Founder Highlights Trade Finance Innovation With TWIN
IOTA founder Dominik Schiener says TWIN supports digital trade records, faster checks, and smoother data sharing across cross-border finance networks.
TWIN has been linked to Kenyan pilots, Rwanda trade finance use cases, and live consignments on the IOTA mainnet.
IOTA co-founder Dominik Sch
CryptoNewsFlash1h ago
Sonic launches native stablecoin USSD, backed 1:1 by institutional-grade assets like BlackRock
Sonic Labs launched its native USD stablecoin USSD on March 9, based on Frax infrastructure, supporting cross-chain minting. Its reserve assets are backed 1:1 by USD assets. Users can mint without fees through non-custodial smart contracts, with the proceeds used to support ecosystem incentives.
GateNews1h ago
