Visa (NYSE:V) shares are trading lower during Tuesday’s premarket session. The company expands its collaboration with Bridge to enhance its stablecoin-linked card program.

This news comes as the broader market declined. Major indices like the S&P 500 and Nasdaq both falling, adding pressure on Visa’s stock performance.

Visa’s Global Stablecoin Initiative Expands

Visa’s partnership with Bridge aims to bring stablecoin-linked cards to over 100 countries, significantly expanding their reach.

The stablecoin settlement pilot, which includes Visa issuers and acquirers, enables transactions to be settled using stablecoins on supported blockchain networks, enhancing the efficiency of digital payments.

The initiative is part of Visa’s strategy to integrate stablecoins into its global network, allowing businesses to utilize their own stablecoins seamlessly within card programs.

Bridge's stablecoin-linked Visa cards are now live in 18 countries, letting users spend stablecoins at 175M+ merchants. Expansion to 100+ countries is planned this year, with platforms like Phantom and MetaMask enabling millions to use them for ...