Baanx collaborates with Visa to launch USDC stablecoin payment card

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Jinse Finance reports that Baanx has partnered with Visa to launch a stablecoin payment card linked to hosted wallets, initially supporting USDC issued by Circle. The card “allows cardholders to spend USDC directly from their encryption wallets,” transferring the USDC balance in real-time to Baanx via smart contracts during authorization, which is then exchanged for fiat to complete the payment. Baanx is also collaborating with Mastercard to develop a wallet card linked to MetaMask. Baanx stated: “We are empowering people to hold and spend dollar stablecoins in a self-custodial and real-time manner - this is the future of finance.”

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