New York, May 1, 2025 — In a move to help redefine how stablecoins and digital assets are spent globally, Baanx, a market-leading crypto payments platform, is working with Visa, a world leader in digital payments, to launch stablecoin-linked Visa cards tied to self-custodial wallets starting in the US with plans to expand to other markets.

This product enables users to spend USDC — a fiat-backed stablecoin — directly from their crypto wallets, using smart contracts to move a stablecoin balance upon card authorization from the consumer to Baanx in real time , with Baanx converting the balance into fiat for payment.  These cards give consumers more control around how they manage their money onchain through leading self-custodial wallets that still have the accessibility to spend in the real world.

With Baanx’s stablecoin-linked Visa cards, users can benefit from:

  • Global acceptance wherever Visa is accepted

  • Protection against local currency volatility

  • Low-cost cross-border transactions

  • Additional payment methods other than traditional bank accounts

True ownership and self-custody of funds

“Stablecoin cards represent a massive leap forward for global financial access,” said Simon Jones, Chief Commercial Officer at Baanx. “In many regions, access to stable currency is a luxury. We're giving people the ability to hold and spend USD-backed stablecoins seamlessly — in a self-custodial, real-time way — anywhere Visa is accepted. This is what the future of finance looks like.”

“We know the payments ecosystem is still in the early innings of stablecoin adoption, but real-world utility is coming to the forefront, and we’re excited for what’s next” said Rubail Birwadker, Head of Growth Products and Partnerships, Visa. “Our work with Baanx helps make stablecoins truly usable, unlocking fast, secure payments for more people in more places.”

Baanx powers crypto payment solutions for six of the top ten self-custodial wallets globally. This partnership with Visa builds on Baanx’s mission to connect traditional and decentralized finance — offering users control, speed, and transparency in every transaction.

Baanx’s new solution leverages high-performance blockchain networks such as Ethereum and Solana to settle transactions instantly. With compliance, security, and scalability at its core, Baanx’s solution empowers Baanx users to make real-world purchases with digital assets like never before.

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