According to ChainCatcher, according to Economy Watch, payment giant Visa announced that it has launched a Crypto-to-fiat Card in cooperation with Singapore's crypto payment provider dtcpay.

It is reported that the card is mainly aimed at ultra-high net worth (UHNW) individuals, supporting users to convert cryptocurrencies such as stablecoins into legal tender using real-time exchange rates. It may be expanded to the merchant side in the future. It is reported that the card is planned to be open for public registration in the fourth quarter of this year.