Stablecoin card programs grow 160+ with 200% payment volume increase, Visa and Bridge profit from interchange and conversion fees

As of October 1, over 160 stablecoin-linked card programs exist, with payment volume up nearly 200% year-over-year. Visa enables these arrangements through its partnership with Bridge, allowing customers to spend stablecoins while merchants receive local currency. Companies including Bridge, Wirex, and Rain earn revenue from payment interchange fees, currency conversion, settlement financing, and customer subscriptions. The consumer app manages customer relationships, the regulated issuer provides the card, and the payment network connects institutions, with each participant needing revenue to cover transaction costs.