Visa and Bridge Are Expanding Stablecoin Cards to 100+ Countries
The partnership between Visa and Bridge, the stablecoin infrastructure company acquired by Stripe last year, is expanding fast - and it's beginning to look less like a pilot program and more like a long-term infrastructure play.
- Visa and Bridge are expanding stablecoin cards from 18 to 100+ countries by end of 2026
- MetaMask and Phantom users can already spend crypto directly from self-custody wallets
- Settlement is shifting — Solana blockchain is being tested to replace fiat conversion
The two companies announced they’re scaling their stablecoin-linked card program from 18 countries to over 100 by the end of 2026, covering Europe, Asia Pacific, Africa, and the Middle East. The cards tap into Visa’s existing merchant network of more than 175 million locations worldwide, meaning users in new markets won’t need to find crypto-friendly merchants — they can spend anywhere Visa is accepted.
From Latin America Experiment to Global Rollout
The program launched quietly in April 2025, initially targeting Latin American markets: Argentina, Colombia, Mexico, Peru, and Chile. The region made sense as a testing ground. Dollar-denominated stablecoins have seen genuine organic demand in countries with currency instability, and the use case there isn’t theoretical — people are actively looking for ways to hold and spend USD equivalents without relying on local financial infrastructure.
From that base, Bridge and Visa expanded to a broader set of markets including Australia, Canada, Germany, Japan, the UK, and the United States, among others. The new 100-country target signals the companies are done testing and moving into execution mode.
What Bridge Actually Built
Bridge — acquired by Stripe in early 2025 for $1.1 billion, Stripe’s largest acquisition to date — provides the plumbing that makes these cards work. Through a single API, fintech developers and wallet providers can issue their own stablecoin-backed Visa cards without building separate financial stacks for every country they want to enter. Bridge claims businesses can go from integration to launch in under four weeks.
That API isn’t just for fintechs starting from scratch. MetaMask and Phantom, two of the largest non-custodial crypto wallets, already use the solution. Their users can spend stablecoin balances directly from self-custody wallets for everyday purchases — no manual transfer to a separate card account required. The API handles that through smart contract-based spending, with Bridge managing the behind-the-scenes complexity of gas fees, on-chain security, and real-time conversion at the point of sale.
Bridge also offers what it calls an “Open Issuance” platform, allowing businesses to launch their own custom stablecoins and embed them directly into branded card programs. The pitch is financial stack ownership: companies issue the coin, issue the card, and collect interchange revenue on every transaction.
The Settlement Layer Is Shifting
Perhaps the most technically significant piece of the announcement is what’s happening on the settlement side. Through a partnership with Lead Bank — the banking partner that technically issues these cards — Visa is testing direct on-chain settlement using stablecoins on the Solana blockchain.
Previously, Bridge converted stablecoins to fiat at the point of sale. The new model skips that step. Settlement happens on-chain, with the stated goals being faster fund movement, lower operational overhead, and greater transaction transparency. It’s an incremental but meaningful shift: Visa, one of the world’s oldest payment networks, is experimenting with settling transactions on a public blockchain.
Whether on-chain settlement scales cleanly across hundreds of markets — with their varied regulatory requirements, banking relationships, and liquidity conditions — remains to be seen. But the direction is clear.
The Regulatory Window Is Open
The timing of this expansion isn’t coincidental. The U.S. recently passed the GENIUS Act, establishing clearer federal rules for stablecoin issuance and use. For companies building global stablecoin products, regulatory ambiguity has long been the biggest operational risk. Clearer rules in the world’s largest financial market reduce that risk meaningfully.
Visa and Mastercard have both moved quickly in this environment. Mastercard recently enabled stablecoin card spending in the U.S. through its own MetaMask integration, a near-mirror of what Bridge and Visa are doing. The two networks are, for the moment, running parallel playbooks.
What’s Actually at Stake
The deeper question isn’t whether crypto cards work in the short term — they do, and adoption data from Latin America suggests real demand where traditional finance falls short. The question is whether these programs displace anything, or simply add a new rail on top of existing infrastructure without changing how money moves at scale.
For now, Bridge’s model still depends on Visa’s merchant network, Lead Bank’s licensing, and fiat offramps for most transactions. The Solana settlement pilot is a signal of where this could go, but it’s still a pilot. The infrastructure is being laid, not activated.
For Stripe, the Bridge acquisition was always about positioning — getting ahead of a world where stablecoins become a standard tool for moving money across borders. Whether that world arrives on Stripe’s timeline is a different matter. But with Visa as the distribution layer and 175 million merchant locations as the endpoint, the pieces are in place to find out.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
