Bridge, the stablecoin company owned by Visa and Stripe, has expanded the stablecoin-linked card issuance product launched last year to a global scale, mainly targeting Central and South American countries.
Lead Bank announced its participation in the Visa stablecoin settlement pilot earlier this year and is currently working with Bridge’s stablecoin infrastructure, according to a press release.
Bridge-enabled stablecoin-affiliated cards are now live in 18 countries using crypto platforms such as Phantom and MetaMask, with plans to expand to more than 100 countries across Europe, Asia Pacific, Africa and the Middle East by the end of the year, the companies said on Tuesday.
Cuy Sheffield, Head of Cryptocurrency at Visa, said: “Expanding our partnership with Bridge provides us with another way to bring the speed, transparency and programmability of stablecoins directly into the settlement process. This milestone provides our partners with more options for how to transfer value and strengthens Visa’s role as a trusted network connecting stablecoins and the global payments ecosystem.”
Bridge co-founder Zach Abrams said the partnership with Visa will allow businesses to launch their own custom stablecoins and use them seamlessly within their card programs.
