🌐 Payment giant Stripe will expand the issuance of stablecoin-backed bank cards to over 100 countries.
Stripe does not issue cards directly to end consumers. The company provides a B2B gateway for marketplaces, fintech apps, and crypto platforms, including Kraken, Ramp, and Morse.
These platforms will be able to offer their users cards tied to digital dollar balances.
A user can receive payouts in stablecoins, including the recently integrated "open" standard Open USD (OUSD), and pay with the card in everyday life. On the merchant's side, the transaction goes through classic card infrastructure without the need to implement blockchain solutions for checkout processing.
The 100-country reach reflects the jurisdictions where partner platforms will be able to launch their card programs, although the final issuance of physical cards will depend on local verification and KYC rules. The initiative is directly aimed at regions where moving traditional fiat dollars involves high fees and delays.
Stripe's roadmap includes further integration with decentralized lending protocols. In the future, this will allow cards to be linked to balances in DeFi lending smart contracts, so that user funds can continue generating passive yield right up to the moment a transaction is made at a store.
Such solutions are turning stablecoins into a fully-fledged payment layer for global trade, where all the technical complexities of instantly converting blockchain assets into fiat are handled by the infrastructure provider.
#CRYPTO #BLOCKCHAIN #DEFI $USDC
Stripe does not issue cards directly to end consumers. The company provides a B2B gateway for marketplaces, fintech apps, and crypto platforms, including Kraken, Ramp, and Morse.
These platforms will be able to offer their users cards tied to digital dollar balances.
A user can receive payouts in stablecoins, including the recently integrated "open" standard Open USD (OUSD), and pay with the card in everyday life. On the merchant's side, the transaction goes through classic card infrastructure without the need to implement blockchain solutions for checkout processing.
The 100-country reach reflects the jurisdictions where partner platforms will be able to launch their card programs, although the final issuance of physical cards will depend on local verification and KYC rules. The initiative is directly aimed at regions where moving traditional fiat dollars involves high fees and delays.
Stripe's roadmap includes further integration with decentralized lending protocols. In the future, this will allow cards to be linked to balances in DeFi lending smart contracts, so that user funds can continue generating passive yield right up to the moment a transaction is made at a store.
Such solutions are turning stablecoins into a fully-fledged payment layer for global trade, where all the technical complexities of instantly converting blockchain assets into fiat are handled by the infrastructure provider.
#CRYPTO #BLOCKCHAIN #DEFI $USDC