Visa and Reap Launch Stablecoin Card Programs Across 100+ Markets
V sits 23% above its 52-week low of $293.89.
Summary
Visa and Reap announced a strategic collaboration to bring stablecoin-linked Visa credit card programs to over 100 markets, expanding Reap's infrastructure beyond Asia and Latin America into EMEA and Africa. Reap becomes the first fintech in Asia to partner with Visa for global stablecoin credit card issuing at scale. Visa disclosed a $20 billion annual run rate of global stablecoin settlement volume, up 15x year-over-year, with over 160 stablecoin card programs globally. The partnership also explores agentic commerce capabilities and multicurrency stablecoin cards. This deepens Visa's stablecoin adoption strategy and extends its network to stablecoin-enabled treasury and spend management.
At the time of this announcement, V was trading at $362.55 on NYSE in the Finance sector, with a market capitalization of approximately $675.9B. The 52-week trading range was $293.89 to $385.57. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: PR Newswire.