Layer 1 blockchain developer Solayer has launched a Visa-compatible payment card that allows users to make payments. $USDC Check your balance in-store, online or through contactless transactions.
According to the announcement, the card supports ATM withdrawals in supported regions and can be ordered through the Solayer Pay app. Existing users can request a card for free, while new users pay a $20 annual activation fee.
sauce: Solayer payment
Solayer Pay launched in April 2025 under the name Emerald Card and was initially rolled out to 40,000 users in more than 100 countries, the company said. Solayer said the new physical card expands on the existing Solayer Pay platform and supports the storage, transfer and use of digital assets through a payment infrastructure linked to Visa.
The company said the card will allow users to make payments. $USDC ($USDC) takes balances worldwide through the Visa payment infrastructure directly from your Solayer Pay account.
Solayer develops infiniSVM, a layer 1 network compatible with Solana virtual machines designed for high-throughput on-chain applications that use Solana (SOL) for gas fees.
Related: Dartmouth Fund invests in Solana ETF, has $14 million in crypto exposure
Stablecoin payment cards expand
Solayer’s launch comes as Rypto and payments companies increasingly launch payment cards linked to stablecoins associated with traditional card networks such as Visa and Mastercard.
In January, cryptocurrency exchange OKX launched a Mastercard-linked payment card for users in Europe through regulated issuer Monavate, allowing verified customers to use stablecoins such as: $USDC and Paxos Global Dollar (USDG).
The following month, MetaMask expanded its Mastercard-linked crypto payment card across the U.S., including New York, for the first time, allowing users to spend digital assets directly from their self-custodial wallets.
In March, Visa and Stripe-owned Bridge announced plans to expand their stablecoin-linked card program to 18 countries and roll out the product in more than 100 countries by the end of 2026. The companies have also begun testing stablecoin payments through Visa’s pilot program.
That same month, Mastercard agreed to acquire stablecoin infrastructure company BVNK in a deal worth up to $1.8 billion. BVNK provides businesses with the infrastructure to send and receive stablecoin payments on blockchain networks in over 130 countries.
DefiLlama data shows that the stablecoin market has grown by about $79 billion, from about $243.3 billion in May 2025 to about $322.5 billion today.
Tether remains the dominant stablecoin issuer, with its USDt (USDT) market capitalization of approximately $189.7 billion, accounting for approximately 58.8% of the total stablecoin market. $USDC It ranks second with a market capitalization of approximately $76.7 billion.
sauce: Defilama
