Visa and Stripe-owned Bridge aim to expand stablecoin-linked Visa cards to 18 countries, and plan 100-plus by the end of the year, while testing stablecoin settlement with Lead Bank. Global payment giant Visa is expanding its stablecoin card partnership with Stripe-owned Bridge, expanding the rollout of stablecoin-linked Visa cards worldwide and testing onchain settlement. Visa and Bridge are expanding their joint card program to 18 countries, with plans to reach more than 100 across Europe, Asia-Pacific, Africa and the Middle East by the end of the year, according to a Tuesday announcement. The expansion follows the program’s initial launch in April 2025, which first supported markets in Latin America, including Argentina, Colombia, Ecuador, Mexico, Peru and Chile. Read more
In 2024, the Bank for International Settlements stepped back from mBridge, seeking to distance itself from sanctions-related speculation surrounding the platform. China-led cross-border digital currency platform mBridge has processed more than $55 billion in transactions as efforts to build payment rails that operate outside traditional dollar-based systems find momentum. Project mBridge, a multi-central bank digital currency (CBDC) platform, has now settled over 4,000 cross-border transactions with a cumulative value of roughly $55.5 billion, according to data compiled by the Washington-based Atlantic Council. That figure marks a nearly 2,500-fold increase since the project’s early pilot phase in 2022. The platform is currently being tested by central banks in mainland China, Hong Kong, Thailand, the United Arab Emirates and Saudi Arabia. China’s digital yuan, or e-CNY, accounts for an estimated 95% of total settlement volume on mBridge. Read more