Key Takeaways:
Visa, Mastercard, and Stripe are reportedly backing a new joint stablecoin platform, per a June 3 Coindesk report.Visa’s stablecoin settlement pilot has reached $7B in annualized volume, with cards live in 18 countries and expanding to 100-plus by end of 2026.Mastercard’s $1.8B BVNK deal and six new USDC, RLUSD, and PYUSD settlement partners signal accelerating infrastructure investment in H1 2026.Fintechs and wallets use a single Bridge API to issue branded stablecoin-backed Visa cards, letting cardholders spend USDC balances at any of Visa’s 175 million-plus merchant locations worldwide.
As of March 2026, the program is live in 18 countries, with a focus on Latin America, including Argentina, Colombia, Ecuador, Mexico, Peru, and Chile. Visa and Bridge plan to expand to more than 100 countries across Europe, Asia Pacific, Africa, and the Middle East by year-end.
“Visa is committed to meeting businesses where they operate, and increasingly, that’s onchain. This milestone gives our partners greater choice in how they move value.”
Wallets including Phantom and Metamask, along with fintechs like Ramp and Airtm, are among the participants using the infrastructure.
Visa’s Stablecoin Volume Reaches $7B Annualized Mastercard’s $1.8B BVNK Acquisition Stripe Builds on Bridge for Stablecoin Reach Market Backdrop
