StraitsX and Visa to Extend Stablecoin Card Issuing to 100+ Markets
StraitsX plans to expand stablecoin-backed card programmes to more than 100 markets using Visa's network.
Payments
Not yet verified
Country / region
— · North America
Asset classes
Stablecoins
Known initiatives
Stablecoin settlement; Visa Tokenized Asset Platform (VTAP)
Website
—
StraitsX plans to expand stablecoin-backed card programmes to more than 100 markets using Visa's network.
The headline indicates that Visa’s stablecoin funding initiative has progressed beyond a pilot.
Visa Direct has launched stablecoin-powered money movement, moving from pilots into production.
Malaysia and Thailand's central banks have joined Singapore's BLOOM initiative, expanding cooperation on cross-border settlement using stablecoins and tokenised deposits.
Fireblocks, a provider of digital asset and stablecoin infrastructure, has pushed back on reports of acquisition talks with Visa at a $2.5 billion valuation.
Fireblocks denied that it is discussing an acquisition by Visa.
Visa is reportedly discussing an acquisition of Fireblocks for approximately $2.5 billion, according to Axios.
Fireblocks denied an Axios report that Visa was discussing an acquisition of the crypto custody company for approximately $2.5 billion.
Stablecoin transfers are exceeding $400 million per hour, while USD1's market capitalisation has fallen by 10%.
No confirmed changes since tracking began.