Stripe and MiPlata launch Visa card for stablecoin spending
The prepaid card allows users to spend stablecoin balances at any merchant that accepts Visa, following Stripe's recent expansion into international stablecoin transfers.
Key takeaways
- 1Stripe and MiPlata launched a Visa prepaid card for spending stablecoins.
- 2The service follows Stripe’s expansion of stablecoin payments to 160 markets on 4 November.
Stripe partnered with MiPlata to launch a Visa prepaid card that allows users to spend stablecoin balances, the companies said on 9 November. The card connects digital asset wallets directly to the Visa payment network, enabling transactions at millions of merchant locations globally.
The partnership uses Stripe's payment infrastructure to handle the conversion and settlement of stablecoin assets for retail purchases. MiPlata provides the card issuing and management platform for the service. Users can load the card with stablecoins to pay for goods and services where traditional debit cards are accepted, bridging the gap between digital wallets and conventional retail systems.
Stripe is a global payments processor that has recently expanded its digital asset services. On 4 November, the firm enabled US businesses to send stablecoin payments to wallets in over 160 markets. This card offering follows similar moves by other financial institutions, including PNC Bank, which recently partnered with Coinbase to offer stablecoin payments for corporate clients.
The launch suggests a shift toward the retail use of stablecoins for everyday commerce rather than just for trading or institutional settlement. Market participants will watch for adoption rates among Stripe’s merchant network and the potential for similar products from other payment firms. The integration indicates a growing acceptance of dollar-pegged tokens within traditional payment systems and could lead to wider merchant support for digital assets.
Reported and edited by the YourKhabri desk under our editorial policy. Nothing here is investment advice.