Cryptocurrency debit card company Baanx has partnered with Visa to launch a USDC stablecoin payment card

ChainCatcher news, according to CoinDesk, Baanx has partnered with Visa to launch a stablecoin payment card linked to self-custody wallets, initially supporting USDC issued by Circle. The card "allows cardholders to spend USDC directly from their crypto wallets," transferring the USDC balance in real-time to Baanx via smart contracts upon authorization, which is then exchanged for fiat currency to complete the payment. Baanx is also collaborating with Mastercard to develop a wallet card linked to MetaMask. Baanx stated, "We are empowering people to hold and spend dollar stablecoins in a self-custody, real-time manner—this is the future of finance."