PANews reported on May 1 that payment technology company Stripe announced a partnership with Visa to launch a stablecoin-linked credit card service, which is implemented through its stablecoin platform Bridge, which it acquired for $1.1 billion in October 2024. Initially, it will be launched in Latin American countries such as Argentina, Colombia, Ecuador, Mexico, Peru and Chile, allowing users to directly use their stablecoin balances to spend at Visa merchants, and Bridge will be responsible for handling the exchange and settlement of stablecoins and fiat currencies. By integrating stablecoins - digital currencies pegged to stable assets such as the US dollar - Stripe and Visa aim to facilitate faster and cheaper cross-border transactions, especially in regions with underdeveloped payment infrastructure.