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Visa and Baanx Drop the Mic: USDC Stablecoin Cards Now Live—Banks Left Clutching Their Legacy Rails
Visa and Baanx Drop the Mic: USDC Stablecoin Cards Now Live—Banks Left Clutching Their Legacy Rails
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Visa just handed crypto skeptics another L—partnering with Baanx to launch payment cards powered by Circle’s USDC stablecoin. No more off-ramps, no more spreads. Just spend your dollar-pegged crypto like it’s 1999 (if 1999 had DeFi).
Why this matters: The card bypasses traditional banking rails entirely, settling transactions on-chain. Finally, a use case for stablecoins that doesn’t involve arbitrage or yield farming.
The cynical take: Watch banks suddenly ’innovate’ with their own tokenized dollars now that Visa’s eating their lunch. Where was this energy in 2020?
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