Welcome to another edition of the Stabledash Newsletter.

Stablecoin card payments are having their moment.

Transaction volumes are reaching all time highs and new cards are seemingly launching everyday. The conversation around dollar cards - payment cards that settle instantly in stablecoins like USDC and USDT - is heating up especially across emerging markets.

We just launched Season 6, Episode 1 of Stableminded (powered by Rain), diving into exactly this trend: how stablecoins are reshaping rebuilding global payments.

Meanwhile, we're seeing companies scale to billions in cross-border volume and major protocols alongside legacy cross-border payments companies launching their own stablecoins.

This week we cover:

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Kicking off Season 6 of Stableminded, The Rise of Stablecoin Card Payements, we dive into how Rain and Visa are bringing “dollar cards” to emerging markets — payment cards that look and feel like normal Visa cards but settle instantly in stablecoins like USDC and USDT.

The partnership replaces slow, five-day banking rails with 24/7 onchain settlement. Rain’s blockchain-agnostic stack lets fintechs issue dollar wallets and cards without banking partners, powering neobanks, freelancer payouts, and payroll apps across Latin America.

Behind each tap-to-pay is Visa’s global reach and Rain’s stablecoin infrastructure: money at internet speed, spendable anywhere Visa works.

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Jupiter Exchange, Solana’s top DeFi protocol ($3.6B TVL), is launching jupUSD with Ethena Labs — a native stablecoin that keeps reserve yield on-chain instead of sending it to Circle or Tether.

Backed by tokenized Treasuries (USDtb) and later Ethena’s USDe, jupUSD redirects yield to JLP and JUP stakers, turning stablecoin growth into protocol income. With $700M+ in built-in liquidity and 8.4M users, it could become Solana’s first self-sustaining money layer.

Read the full breakdown

Conduit blends regulatory precision with bank-grade integrations, linking stablecoins to fiat in real time. Backed by Dragonfly, Coinbase Ventures, and Circle Ventures, it partners directly with banks and fintechs to unlock faster, cheaper cross-border payments.

By meeting regulators “where they are,” Conduit turns stablecoins into compliant settlement infrastructure, powering the next wave of global money movement.

Read the full story

You can dive deeper into all of these stories and more on Stabledash, your single place to navigate the stablecoin industry online.

We'll be here every step of the way to help you understand the shifts, the risks, and the opportunities ahead.

Until next time,

Stay stable