Singapore-based fintech Reap and Visa have expanded their collaboration to support stablecoin-linked Visa credit card programs across more than 100 markets, extending Reap’s issuing infrastructure beyond Asia and Latin America into Europe, the Middle East, and Africa.
The companies said the arrangement will allow fintechs, businesses, and platforms to build card programs in which stablecoins can be used to fund spending, repay balances, and support cross-border payments, subject to local regulatory requirements.
The announcement builds on Reap’s recent move to make bitcoin and other virtual-asset balances spendable through card infrastructure. It also follows the launch of Reap Sentry, a managed fraud-risk service for card programs.
Stablecoin cards move toward wider issuance
Reap said its infrastructure provides card-network authorization, processing, compliance frameworks, and operating support so partners can launch programs without building every layer themselves. The company described the Visa collaboration as its first pathway to support stablecoin-linked credit card issuance across more than 100 markets.
Stablecoins can sit behind several parts of the payment flow. A cardholder may use stablecoins as collateral or a funding source, repay balances in stablecoins, or use them to support cross-border corporate spending while the card itself remains usable across Visa’s merchant network.
Visa said stablecoin-linked card programs are becoming a larger part of its network. The company reported more than 160 such programs globally, with payment volume on those programs rising nearly 200 percent year over year in its fiscal second quarter. Visa also said stablecoin settlement volume had surpassed a $20 billion annualized run rate, up more than 15 times year over year.
Those figures are Visa-reported network data and should not be read as a measure of the broader stablecoin payments market.
Corporate treasury and settlement are central use cases
The collaboration is aimed primarily at business and platform use cases rather than consumer crypto speculation. Reap highlighted corporate treasury, vendor payments, global payouts, and embedded-finance products as early targets.
One practical attraction is settlement. Reap is already participating in Visa’s stablecoin settlement program in Asia Pacific, allowing payment obligations to be settled directly in stablecoins. The companies said this can extend settlement beyond traditional banking hours and reduce the need for large pre-funded balances, although the actual liquidity benefit will depend on each program’s structure, settlement terms, and regulatory treatment.
Reap also plans to introduce multicurrency stablecoin card capability, which would allow programs to support additional stablecoin-based funding and settlement options.
Agentic commerce is still exploratory
The companies also said they plan to explore new payment and settlement paths tied to agentic commerce. That work is future-facing rather than a currently deployed autonomous-payment product.
The proposed model would examine how trusted AI agents could execute authenticated payments within user-defined parameters. Any practical deployment would need controls around authorization, transaction limits, identity, fraud, and dispute handling, particularly when software agents can initiate financial actions without a conventional checkout flow.
The broader development shows how stablecoin infrastructure is moving closer to conventional card issuance and treasury operations. The next test will be whether programs can combine faster settlement and broader funding options with the compliance, risk management, and consumer protections expected of mainstream payment systems.
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