{"id":32741,"date":"2020-12-02T19:45:29","date_gmt":"2020-12-02T17:45:29","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=32741"},"modified":"2025-08-28T10:14:32","modified_gmt":"2025-08-28T07:14:32","slug":"visa-to-issue-a-usd-coin-usdc-linked-card","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/visa-to-issue-a-usd-coin-usdc-linked-card\/","title":{"rendered":"Visa to issue a USD Coin (USDC)\u2013linked card"},"content":{"rendered":"<p>Visa, the payments giant, has connected its global network to Circle&#8217;s USD Coin (USDC). In its plans going forward is the release of a card that would enable merchants to directly accept USDC as payment, according to <a href=\\\"https:\/\/www.forbes.com\/sites\/michaeldelcastillo\/2020\/12\/02\/visa-partners-with-ethereum-digital-dollar-startup-that-raised-271-million\/?sh=35a194834b1f\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">Forbes<\/a>.<!--more--><\/p>\n<p>\\n<\/p>\n<p>As part of the partnership, Circle joined the Fast Track program, aimed at fintechs seeking to accelerate growth through Visa&#8217;s resources and services. After completing it, Visa is expected to issue a credit card supporting USDC payments, presumably next year.<\/p>\n<p>\\n<\/p>\n<p>Such a card will enable sending international payments in USDC, after which the funds will be converted into the recipient&#8217;s local currency and can be spent anywhere Visa serves.<\/p>\n<p>\\n<\/p>\n<blockquote>\n<p>\\&#8221;This will be the first corporate card that will allow businesses to spend USDC,\\&#8221; said Visa&#8217;s head of cryptocurrency Kai Sheffield.<\/p>\n<\/blockquote>\n<p>\\n<\/p>\n<p>Visa will not custody the stablecoin itself\u2014instead, the company will connect to the USDC software of selected card issuers.<\/p>\n<p>\\n<\/p>\n<p>The Fast Track program has already welcomed 25 crypto wallets, including Fold and Cred. All of them will now be able to integrate USDC.<\/p>\n<p>\\n<\/p>\n<blockquote>\n<p>\\&#8221;We view Visa as a network of networks. Blockchain networks and stablecoins are simply additional networks. Therefore, we believe Visa can improve the customer experience by giving them access to such tools,\\&#8221; added Sheffield.<\/p>\n<\/blockquote>\n<p>\\n<\/p>\n<p>Earlier <a href=\"https:\/\/forklog.com\/en\/news\/crypto-card-issuers-report-tighter-scrutiny-from-visa-and-mastercard\">it was reported<\/a> that the payment networks Visa and Mastercard take a stricter stance toward potential card issuers if their activities involve digital assets, requiring, among other things, proof that the funds used originated from reliable sources.<\/p>\n<p>\\n<\/p>\n<p>Subscribe to ForkLog News on Telegram: <a href=\\\"https:\/\/t.me\/forkloglive\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">ForkLog FEED<\/a> \u2014 all the news, <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The payments giant Visa linked its global network to Circle&#8217;s USD Coin (USDC). In its plans is the issuance of a card that would enable merchants to directly accept USDC as payment, according to Forbes.<\/p>\n","protected":false},"author":1,"featured_media":32742,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1229,807,910,157],"class_list":["post-32741","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-banks-and-fintech","tag-stablecoins","tag-usdc","tag-visa"],"aioseo_notices":[],"amp_enabled":true,"views":"23","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/32741","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=32741"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/32741\/revisions"}],"predecessor-version":[{"id":32743,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/32741\/revisions\/32743"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/32742"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=32741"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=32741"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=32741"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}