Visa is adding Circle to its Fast Track program, which may see it support USDC credit cards allowing purchases made with the stablecoin.
Visa on Wednesday said it is linking its payments network of 60 million merchants to the USDC stablecoin developed by Centre, the consortium founded by Circle and Coinbase. The news was first reported by
Forbes
.confirmed the news on Twitter
, writing: “Circle will issue the first Visa corporate card connected to USDC to enable their business clients to spend USDC from their corporate treasury at 60M merchants.”Coinbase
issues its own card in the U.K.)Read more: USDC Stablecoin Issuer Centre Hires Wall Street Veteran David Puth as CEO
UPDATE (Dec. 2, 15:15 UTC): Added a comment from Circle and confirmation from Visa.
UPDATE (Dec. 2, 16:50 UTC): Corrected verb in headline and fourth bullet point, since Visa does not “issue” cards
UPDATE (Dec. 2, 23:35 UTC): Added bullet point about need for an issuing bank in the U.S.
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