“Stablecoin-funded cards are one example of how digital assets are becoming more deeply embedded in everyday life, giving users greater flexibility in how they spend, move and access their money.”

Crypto cards let users spend stablecoins and other assets through existing payment networks without requiring merchants to accept cryptocurrencies directly. Depending on the product, users deposit funds with the issuer or keep them in a self-custody wallet, and the balance is converted at checkout so the merchant receives it in their local currency.

This means stablecoins are not necessarily replacing Visa or Mastercard at checkout. Increasingly, they are becoming another way to fund the cards running over those networks.

Visa said in June…