WasabiCard launches local card-issuing solution with stablecoin settlement
The company said its single-API platform supports card programs in more than 100 markets and settlement in USDT, USDC and OUSD.
WasabiCard announced November 12 the launch of its Local Issuing Solution, a platform it says enables businesses to manage branded consumer and commercial card programs through a single API.
The company says the platform supports programs in more than 100 markets and offers program-level settlement using USDT, USDC and Open Dollar (OUSD). It positions local issuing and settlement as tools for companies building card products across multiple jurisdictions.
Market availability, local issuing arrangements and stablecoin settlement remain subject to partner coverage, compliance reviews and local rules. Stablecoin settlement also introduces custody, liquidity, redemption and issuer risks; it does not remove foreign-exchange or card-network costs in every transaction.
WasabiCard’s launch announcement describes intended coverage and capabilities. It does not establish that every program is immediately available in every market, nor does it provide independent performance or cost comparisons. Prospective customers should confirm supported jurisdictions, currencies, card schemes, settlement terms and compliance responsibilities directly with the provider.