Solayer Launches Visa-Compatible Debit Card for USDC Payments

Layer-1 blockchain developer Solayer is using Solayer Pay to bring on-chain assets into everyday finance. By connecting the U.S. dollar stablecoin USDC to the Visa payment network, it allows holders to make purchases at physical merchants without first transferring funds to a bank account or converting them into fiat currency, lowering the barrier to using crypto assets for everyday payments.

Solayer has launched a physical, Visa-compatible debit card that lets users spend their USDC balances in Solayer Pay directly at Visa-accepting merchants worldwide and withdraw cash from ATMs. The exact issuance date, card fees, withdrawal limits and initial launch markets have not been disclosed. The company has confirmed that the card integrates Solayer Pay with the Visa payment network.