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NymCard Pioneers USDC Stablecoin Payments in GCC Region

NymCard Pioneers USDC Stablecoin Payments in GCC Region

Author:

Global Cryptocurrency

Published:

2026-02-03 13:21:08

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USDC News -

NymCard has become the first payment issuer in the Gulf Cooperation Council (GCC) to enable USDC stablecoin settlements, offering issuers reduced operational costs and streamlined payment processes. CEO Omar Onsi positions this as a leap forward in advanced payment solutions.

Visa's Head of Product, While Godfrey Sullivan, underscores stablecoins' transformative role in global value transfer. The GCC and MENA regions are emerging as key growth markets, with PwC projecting a 32% annual expansion for stablecoin-linked financial services.

Regulatory momentum builds across the region: the UAE has approved its AED stablecoin for government services while granting USDC and USDT operational approvals in ADGM and DIFC. Saudi Arabia has signaled impending stablecoin adoption.

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