Layer-1 blockchain developer Solayer launched a Visa-compatible fee card that permits customers to spend $USDC balances by in-store, on-line and contactless transactions.
The cardboard helps ATM withdrawals in supported areas and will be ordered by the Solayer Pay app, in line with the announcement. Current customers can request the cardboard without cost, whereas new customers pay a $20 annual activation payment.
Supply: Solayer Pay
Solayer Pay launched in April 2025 beneath the identify Emerald Card and initially rolled out to 40,000 customers throughout greater than 100 nations, in line with the corporate. Solayer stated the brand new bodily card expands the prevailing Solayer Pay platform, which helps storing, transferring and spending digital belongings by Visa-linked fee infrastructure.
The corporate stated the cardboard allows customers to spend $USDC ($USDC) balances globally by Visa fee infrastructure immediately from their Solayer Pay accounts.
Solayer develops infiniSVM, a layer-1 community suitable with the Solana Digital Machine that’s designed for high-throughput onchain purposes utilizing Solana (SOL) for fuel charges.
Associated: Dartmouth endowment invests in Solana ETF, holds $14M in crypto publicity
Stablecoin fee playing cards increase
The launch from Solayer comes as rypto and funds corporations have more and more launched stablecoin-linked fee playing cards tied to conventional card networks together with Visa and Mastercard.
In January, crypto alternate OKX launched a Mastercard-linked fee card for European customers by regulated issuer Monavate, permitting verified prospects to spend stablecoins, together with $USDC and Paxos’ World Greenback (USDG).
The next month, MetaMask expanded its Mastercard-linked crypto fee card throughout the USA, together with New York for the primary time, permitting customers to spend digital belongings immediately from self-custodial wallets.
In March, Visa and Stripe-owned Bridge expanded their stablecoin-linked card program to 18 nations and stated they deliberate to roll out the product throughout greater than 100 nations by the top of 2026. The businesses additionally started testing stablecoin settlement by Visa’s pilot program.
The identical month, Mastercard agreed to accumulate stablecoin infrastructure firm BVNK in a deal valued at as much as $1.8 billion. BVNK gives infrastructure for companies to ship and obtain stablecoin funds throughout blockchain networks in additional than 130 nations.
Information from DefiLlama reveals the stablecoin market has grown from about $243.3 billion in Could 2025 to round $322.5 billion at this time, a rise of about $79 billion.
Tether stays the dominant stablecoin issuer, with its USDt (USDT) commanding a market capitalization of about $189.7 billion, representing round 58.8% of the overall stablecoin market, whereas Circle’s $USDC ranks second with a market capitalization of about $76.7 billion.
Supply: DefiLlama
