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Baanx has partnered with Visa to launch a stablecoin payment card linked to a hosted wallet, initially supporting USDC issued by Circle.
The card "allows cardholders to spend USDC directly from their crypto wallet," transferring the USDC balance in real-time to Baanx via smart contracts at the time of authorization, which then converts it to fiat currency for payment.
Baanx is also collaborating with Mastercard to develop a wallet card that integrates with MetaMask. Baanx states: "We are empowering people to hold and spend USD stablecoins in a self-custodied, real-time manner - this is the future of finance."