#StablecoinPayments Visa's partnership with Bridge to launch stablecoin-backed cards across Latin America marks a significant advancement in integrating cryptocurrency into everyday financial transactions. This initiative enables users in countries like Argentina, Colombia, Ecuador, Mexico, Peru, and Chile to spend stablecoins at any merchant accepting Visa, with plans to expand to other regions . Bridge, acquired by Stripe earlier this year, facilitates the backend processes, converting stablecoin balances into local currencies during transactions.
This development follows Mastercard's efforts to integrate stablecoin payments globally through partnerships with Circle, Paxos, and Nuvei . Mastercard's collaboration with these entities aims to simplify crypto-to-fiat conversions, allowing users to spend digital assets seamlessly.
