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Business

Baanx & Visa Announce USDC Payment Card For Self-Custody Wallets

Baanx has partnered with Visa to launch a payment card that allows users to spend USDC directly from self-custody wallets. Initially, it will support transactions in regions where Visa is accepted, using real-time smart contract transfers to Baanx for fiat conversion.

Haider Jamal
May 1, 2025

USDC’s Market Performance

USDC, priced at $1.00 with a market cap of $61.51 billion, continues to show stable performance, with a recent 60-day increase of 1.05%.

Source: CoinMarketCap

The card could boost USDC adoption, driving innovation in decentralized finance and possibly increasing regulatory scrutiny.

Baanx & Visa’s Role In Stablecoin Finance

Baanx’s Visa-enabled payment solution lets users spend USDC directly from crypto wallets, combining traditional payment infrastructure with blockchain assets. This follows Baanx’s prior efforts with crypto cards for platforms like MetaMask and 1inch.

Simon Jones, CCO of Baanx, said, “We’re giving people the ability to spend USD-backed stablecoins seamlessly, anywhere Visa is accepted.” Visa’s Rubail Birwadker emphasized the growing utility of stablecoins, predicting more crypto payment advancements.

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