Thredd partners with Cashi to launch stablecoin card program

On August 11, 2026, payments technology company Thredd partnered with fintech firm Cashi to launch a stablecoin card program. The program is live in Hong Kong, offering virtual Visa cards and Google Pay support, with plans to expand to Mexico in late 2026 with physical cards and Apple Pay. This launch aligns with PYMNTS Intelligence research showing that 71% of stablecoin holders would use a linked debit card to spend their digital assets.

Thredd-Cashi stablecoin card partnership

• ▪The stablecoin card program powered by Thredd allows Cashi customers to use digital assets to pay for everyday purchases.
• ▪Cashi selected Thredd as its issuer processing partner due to Thredd's experience supporting cryptocurrency card programs and its ability to support multi-market expansion.
• ▪Payments technology company Thredd partnered with financial technology firm Cashi to power Cashi's stablecoin spending and cash-back card program, which officially launched on August 11, 2026.

Hong Kong market launch

• ▪The Hong Kong launch of Cashi's stablecoin card program occurred on August 11, 2026, serving as the initial phase of a broader global rollout.
• ▪Cashi's stablecoin card program launched first in Hong Kong, where it issues virtual Visa cards and supports Google Pay for end users.

Mexico expansion plans

• ▪Cashi plans to expand its stablecoin card program to Mexico in the latter part of 2026.
• ▪The planned expansion of Cashi's stablecoin card program into Mexico will introduce physical cards and support for Apple Pay.

Stablecoin payment card adoption trends

• ▪A PYMNTS Intelligence and Paymentology report indicates that 71% of stablecoin holders would use a linked debit card to spend their digital coins.
• ▪PYMNTS Intelligence research suggests that connecting digital assets to familiar banking apps, cards, and payment networks helps overcome barriers like limited merchant acceptance and transaction costs.

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