Wallet infrastructure decoded: Connecting stablecoins to global card acceptance

The combined market capitalization of major stablecoins now sits above $300 billion, roughly double what it was just two years ago. The growth has come increasingly from ordinary use cases—what was once primarily a crypto trading instrument is now the preferred way to move value for many businesses, particularly those operating across borders. 

Today, it’s relatively easy to hold and send stablecoins, especially with the growing number of exchanges and wallet providers on the market, but spending that value in the real world remains prohibitively difficult. Card networks have become the perfect bridge, connecting stablecoin value to more than 175 million merchant locations. For cardholders and merchants, the experience feels familiar, but behind the swipe, the infrastructure is doing something new. 

In this conversation, three of the players that make a stablecoin swipe possible—the network (Visa), the issuer (Rain), and the processor (Lithic)—sit down to explain how it all comes together, and what becomes possible when settlement moves onchain. 

Watch on-demand to learn more about: 

• How stablecoins went from a trading instrument to a practical way to move money, driven by regulatory progress and the ability to move funds 24/7 without intermediaries
• How cards bridge stablecoins to the existing merchant ecosystem, with real programs already running in cross-border payroll, corporate treasury and travel, and global neobanking
• The three trends to watch most closely: agentic payments, onchain finance, and the next phase of regulation