Visa and Baanx Roll Out USDC-Powered Payment Cards for Self-Custody Wallets

Visa has teamed up with crypto debit card provider Baanx to launch stablecoin payment cards connected to self-custodial wallets. The offering will first launch in the U.S. using Circle’s USDC, a dollar-pegged stablecoin. Users can spend USDC directly from their crypto wallets, with smart contracts enabling real-time balance transfers to Baanx for conversion into fiat currency.

This partnership highlights the increasing convergence of traditional finance and digital assets. Visa and Mastercard are playing key roles in connecting on-chain liquidity with everyday spending. Baanx, known for its crypto debit solutions, is also working on a Mastercard-integrated product for MetaMask wallets.

Stablecoin adoption is gaining momentum, with Circle’s USDC leading payment innovation. This development reflects growing institutional recognition of blockchain’s efficiency for settlements.