Crypto's Last-Mile Problem Meets Visa's 175 Million Merchants
Visa and Mesh announced a partnership on 19 October 2026 to let consumers spend cryptocurrency and stablecoin balances directly from wallet apps.
Bitcoin, markets and the ideas moving crypto.
15 stories · 20 Mar 2025 – 20 Oct 2026
Visa and Mesh announced a partnership on 19 October 2026 to let consumers spend cryptocurrency and stablecoin balances directly from wallet apps.
Visa Direct moved its stablecoin-enabled prefunding into commercial production on 15 October 2026.
Nearly half of Asia-Pacific consumers, 46%, said they are likely to use stablecoins within five years, according to Visa's Consumer 360 study.
Visa's stablecoin settlement volume has surpassed a $20 billion annualized run rate, more than 15 times higher than a year earlier.
Dunamu, operator of South Korea's largest crypto exchange Upbit, signed a strategic partnership with Visa on 28 August 2026 to explore stablecoin payments, global remittances, and AI-driven financial services.
Shinhan Financial Group signed a strategic agreement with Visa on 26 August 2026 to use Visa's stablecoin platform.
Visa is seeking a new stablecoin settlement and over-the-counter partner after Mastercard completed its acquisition of BVNK, the firm that previously held the role.
Western Union and Rain launched Stablecard, a digital wallet and USDPT-backed Visa card, on 4 August 2026.
Visa launched the Visa Stablecoin Platform on 16 July 2026, letting institutions mint, hold and move stablecoins in one Visa-managed system.
Visa announced on 4 June 2026 a proof-of-concept with Brale to test SBC, a USD-backed stablecoin, for institutional settlement on the Canton Network.
Visa and Stripe-owned Bridge will expand stablecoin-linked Visa cards from 18 live markets to more than 100 countries.
Visa has enabled US banks to settle transactions in USDC on the Solana blockchain.
Fold announced it will launch a Bitcoin rewards credit card with Visa and Stripe, offering up to 3.5% back in Bitcoin
For the first time, stablecoin transactions surpassed Visa’s in Q1 2025, signaling a major milestone in digital finance despite falling crypto prices and highlighting a growing shift toward blockchain-based assets.
Wirex expands into the US, enabling stablecoin payments via Visa at over 80 million merchants, supported by its partnership with Bridge for seamless transactions.