This is huge! In Kampala, Uganda we are seeing more people asking about stablecoin cards too because mobile money fees are high. Visa reporting 200% growth and $20B settlement shows stablecoins are becoming real payment rails, not just crypto trading. Do you think this will reach Africa soon?

7dff88154c

Stablecoin-linked cards are one of the fastest-growing parts of our network. In our fiscal second quarter, 

more than 160 stablecoin-linked card programs

 were live around the world, payment volume on those programs grew 

, and stablecoin settlement volume recently surpassed a 

Behind that growth sits a requirement that rarely makes headlines. Every card program has to fund its daily settlement obligation before it collects from cardholders, and the working capital to bridge that gap has to come from somewhere. It is one of the least visible determinants of whether a new program can launch and grow.

Stacker_Stocks

> Stablecoin-linked cards are one of the fastest-growing parts of our network. In our fiscal second quarter, **more than 160 stablecoin-linked card programs** were live around the world, payment volume on those programs grew **nearly 200% year over year**, and stablecoin settlement volume recently surpassed a **$20 billion annualized run rate**, up more than 15x year over year.<sup>1</sup>
>
> Behind that growth sits a requirement that rarely makes headlines. Every card program has to fund its daily settlement obligation before it collects from cardholders, and the working capital to bridge that gap has to come from somewhere. It is one of the least visible determinants of whether a new program can launch and grow.
>
> [**...read more at visa.com**](https://www.visa.com/en-us/thought-leadership/innovation/financing-stablecoin-linked-card-programs)