Thredd Helps Cashi Launch Stablecoin Card Program | PYMNTS. com
ByPYMNTS|August 11, 2026|Threddis working withCashito power the stablecoin payments FinTech’s spending and cash-back card. The card program, which is live now in Hong Kong with plans to expand to Mexico in the. . .
ByPYMNTS|August 11, 2026|Threddis working withCashito power the stablecoin payments FinTech’s spending and cash-back card. The card program, which is live now in Hong Kong with plans to expand to Mexico in the latter part of this year, lets customers use digital assets to pay for everyday purchases, Thredd said in anews releaseTuesday (Aug. 11), the same day Cashi officially launched its card. “Cashi is helping turn stable digital assets into something consumers can use naturally in their everyday lives,” saidDamien Gough, head of APAC at Thredd. “Launching a program across markets as distinct as Hong Kong and Mexico requires technology that can supportlocal payment requirementswithout compromising the consistency of the customer experience. Thredd’s platform gives Cashi a strong foundation to launch, expand and bring its vision for borderless spending to more consumers. ”Thredd says Cashi’s Hong Kong program now issuesvirtual Visa cardsand allowsGoogle Payfor end users. The planned expansion into Mexico will add physical cards and support for Apple Pay. The phased rollout gives Cashi a foundation to expand its stablecoin card offering into new markets, the release added. “Cashi was built for people who need money that moves globally and holds its value while it waits,” saidEsther Wong, Cashi’s founder and CEO. “Our goal is to make digital dollars feel as useful and intuitive as the money people already use every day. Thredd’s experience supporting crypto card programs, and its ability to support expansion across multiple markets made it the right issuer processing partner for Cashi. ”The partnership comes at a time of growing consumer demand for cryptocurrencies and stablecoins to work like familiar forms of money and allow them to make everyday purchases, as recent PYMNTS Intelligence research shows. “Yet limited merchant acceptance, transaction costs anduneven user experiencesstill separate ownership from routine use,” PYMNTS wrote Tuesday, adding that the research “points to an encouraging path forward: connect digital assets to the banking apps, cards and payment networks consumers already understand. ”The research, conducted in collaboration withPaymentology, found that 42% of stablecoin holders said they want to use digital assets for major purchases, with 28% already doing so. And71% of stablecoin holderssaid they would use a linked debit card to spend their coins. “Such cards can convertdigital assetsat the point of sale, send the payment over established card networks and pay merchants through systems they already use,” the report added. “Think of it as putting a new fuel through the same pump: the underlying value changes, while the customer experience stays recognizable. ”