Visa and Reap take stablecoin credit cards to 100+ markets, opening Europe, the Middle East and Africa

Visa and fintech firm Reap are taking stablecoin credit cards global, expanding their program to more than 100 markets, including Europe, the Middle East and Africa, the companies announced on September 23.

The partnership is designed to allow businesses, fintech companies and other platforms to build card programs in which stablecoins can help fund spending, support repayments and facilitate cross-border corporate expenses.

According to Visa, more than 160 stablecoin card programs were active globally, while stablecoin settlement volume had reached an annualized run rate above $20 billion.

Stablecoin credit cards move beyond crypto-native payments

The latest partnership positions stablecoin credit cards as a potential bridge between blockchain-based assets and conventional business spending.

Under the proposed model, participating companies can use stablecoins as collateral while enabling cardholders to repay balances using stablecoins.

The infrastructure can also support cross-border corporate expenditure, giving businesses another mechanism for managing international payments through familiar card rails.

Reap already operates secured corporate Visa cards. Its current product information says businesses can collateralize accounts with assets including USDC, USDT or fiat before issuing cards and spending against available credit.

Reap also states that stablecoin repayments are supported across several blockchain networks, including Ethereum, Polygon, Solana and TRON.

The companies said the cards can be used across more than 175 million Visa-accepting merchant locations worldwide. However, availability, product structure and regulatory requirements will vary by jurisdiction.

Africa and EMEA become important expansion regions

The move into Europe, the Middle East and Africa gives the partnership a broader geographical footprint at a time when stablecoin-based payment infrastructure is expanding beyond its traditional crypto market.

Visa has previously highlighted stablecoin-linked cards as an emerging connection between digital wallets and everyday commerce.

In March 2026, the payments company said it had more than 130 stablecoin-related card programs across more than 50 countries and reported that those cards processed approximately $5.2 billion in volume during 2025.

The company has also pointed to markets where stablecoins are increasingly used for payments and money movement rather than solely for speculative activity.

For Reap, the latest expansion follows its earlier progress as a Visa Principal Issuer in Hong Kong and Mexico. In May 2026, the company announced that it had received Visa Principal Issuer Membership in Mexico, giving it principal issuing capabilities in both Asia and the Americas.

The new arrangement therefore represents another step in Reap’s effort to provide card infrastructure to businesses operating across multiple jurisdictions.

Stablecoin credit cards raise infrastructure and compliance questions

Despite the scale of the announcement, the expansion does not mean that every market will immediately have identical card products.

Visa and Reap said the programs will operate in compliance with local regulations, making regulatory approval and market-specific requirements important considerations for participating companies.

The commercial opportunity depends not only on merchant acceptance but also on reliable liquidity, risk management and regulatory compliance.

The Visa-Reap agreement consequently places stablecoin credit cards closer to mainstream corporate payments. If the infrastructure can scale across the targeted markets while satisfying local regulatory requirements, businesses may gain another way to combine blockchain-based liquidity with established card networks.