miPlata Launches Visa Card Spending USDC
The prepaid card lets users spend stablecoin balances directly at merchants that accept Visa.
Updated on Nov. 9, 2026 in Credit Cards
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miPlata has launched a physical Visa prepaid card that draws directly on users' USDC stablecoin balances rather than requiring a bank cash-out step. The card was built with Stripe Issuing in five weeks.
Why it matters
The product targets unbanked and underserved Latino users across 16 countries in Latin America and the US, offering a way to spend stablecoin holdings without converting them first. It combines payroll, mobile banking, and remittance services in one app.
The card is issued by Lead Bank with Bridge Ventures LLC as program manager, and miPlata advertises a 2.99% APY on balances. Independent verification of the card's fee structure and user uptake has not been reported.
The players
miPlata
A fintech platform founded by CEO Miguel Alecio that combines payroll, mobile banking, and remittances for unbanked and underserved Latino users.
Stripe Issuing
The card-issuing infrastructure from Stripe that miPlata used to build the Visa prepaid card in five weeks.
Lead Bank
The bank that issues the prepaid card for the program.
The details
Users hold USDC in their miPlata account, and each swipe is paid from that balance through the Visa network. miPlata founder and CEO Miguel Alecio built the offering on Stripe Issuing, which removes the need to move funds into a traditional bank account first.
Timeline
Card launch reported November 9, 2026.
Market Landscape
The launch fits a broader push to connect stablecoin holdings to everyday card spending, using card-issuing platforms like Stripe Issuing rather than building payment rails from scratch. It positions miPlata among fintechs competing to serve remittance and unbanked customers in Latin America and the US.
Users who hold USDC could spend it at Visa merchants without first moving funds to a bank account, potentially reducing conversion steps. Anyone considering the card should compare its fees and savings terms against existing prepaid and remittance options.
The takeaway
Stablecoin holders gain a more direct route to everyday spending, but the card's fees and reliability should be checked before relying on it for regular payments.
Further reading
Explore more on Credit Cards and how prepaid options compare.
Live Poll
Would you trust a fintech app to hold your paycheck in stablecoins?
