Stripe collaborates with Visa to launch stablecoin linked credit card services through its Bridge subsidiary

According to Golden Finance, payment technology company Stripe announced a partnership with Visa to launch a stablecoin associated credit card service, which will be implemented through its stablecoin platform Bridge, acquired for $1.1 billion in October 2024. Initially, it will be launched in Latin American countries such as Argentina, Colombia, Ecuador, Mexico, Peru, and Chile, allowing users to directly use their stablecoin balance to consume at Visa merchants. Bridge is responsible for handling the exchange settlement between stablecoins and fiat currencies. By integrating stablecoins - digital currencies pegged to stable assets such as the US dollar - Stripe and Visa aim to facilitate faster and cheaper cross-border transactions, especially in regions with underdeveloped payment infrastructure.