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What are stablecoin-backed corporate cards and how do they work?

cryptoweekly by cryptoweekly
May 30, 2025
in bitcoin, News
0

Stablecoin-backed corporate cards are linked to digital wallets holding stablecoins. They facilitate instant currency conversion at the point of purchase.

Integrating blockchain technology with traditional financial systems is transforming global trade, with stablecoins playing a central role. Corporate cards supported by stablecoins demonstrate this integration, allowing companies to use digital currencies for meeting everyday expenses. 

Stablecoin-powered corporate cards convert stablecoins into local currencies at the point of purchase, enabling smooth transactions at any merchant that accepts Visa, a global leader in digital payments. Visa has partnered with platforms like Bridge and Baanx to enable these corporate cards. 

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  • Elon Musk’s AI firm xAI faces lawsuit over data center air pollution
  • ‘Crypto-native’ asset managers quadruple onchain holdings since January
  • Iran orders crypto exchange curfew after $100M Nobitex hack
  • ‘Stablecoin summer’ as Coinbase, Circle surge on stablecoin bill
  • Trump on GENIUS stablecoin bill: ‘Get it to my desk, ASAP’
  • Czech gov’t resists 4th overthrow attempt amid $45M Bitcoin scandal
  • SOL price rally to $200 brewing, but 3 key catalysts must happen first

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