Payment technology company Stripe announced a collaboration with Visa to launch a stablecoin-linked credit card service, which will be implemented through its stablecoin platform Bridge acquired for $1.1 billion in October 2024. Initially, this service will be rolled out in Latin American countries such as Argentina, Colombia, Ecuador, Mexico, Peru, and Chile, allowing users to spend directly using their stablecoin balance at Visa merchants, with Bridge handling the conversion settlement between stablecoins and fiat. By integrating stablecoins—digital currencies pegged to stable assets like the US dollar—Stripe and Visa aim to facilitate faster and cheaper cross-border transactions, especially in regions with underdeveloped payment infrastructure.