– USDC on Stellar
– Visa card to be issued by Tala with direct support for USDC
By integrating with Circle and Stellar, Tala customers will have access to USDC in Tala’s digital wallet, enabling secure and stable storage of money, fast and affordable cross-border money transfers, and easy exchange into other digital assets or local fiat. The partnership will also enable Tala to offer Visa cards linked to Tala’s digital wallet, giving customers a seamless way to spend against their USDC balance at any of the 70 million merchants worldwide that accept Visa.
“I am thrilled to see Tala and Visa forge this partnership to leverage the power of the Stellar network and Circle’s world class USDC stablecoin to empower underbanked populations with fast and affordable financial tools and services,” said Denelle Dixon, SDF’s CEO and Executive Director.
“Digital currencies have tremendous potential to radically open financial access and put more control directly into the hands of underbanked and underestimated people. We couldn’t be more excited that Visa, Circle, and the Stellar Development Foundation share our vision and want to work on a solution, not only for Tala’s 6 million global customers but for the billions more who can benefit,” said Shivani Siroya, Tala’s CEO and Founder and also a board member of Stellar Development Foundation (SDF).
“Tala is a pathbreaker at the forefront of a new generation of financial services that provide greater access to economic opportunities for the historically underbanked,” said Circle Co-Founder and CEO, Jeremy Allaire. “We are proud to be working alongside Visa and the Stellar Development Foundation to bring the power of dollar digital currency to millions of Tala customers around the world.”