PYMNTSPYMNTS reports that Cashi launched a Thredd-processed virtual Visa card in Hong Kong on August 11, letting users spend digital assets through the existing card network and add the card to Google Pay. Cashi plans a Mexico rollout in the second half of 2026 with physical cards and Apple Pay support; those Mexico capabilities are planned, not yet live.
Live launch market
Planned next market
Watch whether follow-up sources disclose availability by market, pricing, first customers, supported rails, and usage. Also confirm the regulatory setup for the stablecoin, custody, and fiat on/off ramps.
thredd-helps-cashi-launch-stablecoin-card-program-31e46098The page already presents the summary and analysis. This section keeps only the copy, download, and technical source record without repeating the same reading view.
# Thredd Helps Cashi Launch Stablecoin Card Program > Evidence tier: B1 > Evidence type: Independent payments trade report based on the Thredd and Cashi launch announcement > Source: [PYMNTS](https://www.pymnts.com/news/payment-methods/2026/thredd-helps-cashi-launch-stablecoin-card-program) > Published: 2026-08-11 > Captured: 2026-08-11T12:42:47.534Z ## Source summary PYMNTS reports that Cashi launched a Thredd-processed virtual Visa card in Hong Kong on August 11, letting users spend digital assets through the existing card network and add the card to Google Pay. Cashi plans a Mexico rollout in the second half of 2026 with physical cards and Apple Pay support; those Mexico capabilities are planned, not yet live. ## Why it matters The program is a practical bridge between stablecoin balances and merchant acceptance: Cashi can convert digital assets at the point of sale while merchants continue receiving card-network payments. Its cross-border significance depends on local issuing, compliance, conversion pricing and consistent controls across Hong Kong and Mexico. The article verifies the launch and roadmap but does not disclose active cards, volume, fees, settlement time or achieved customer savings. ## Key numbers - **Live launch market:** Hong Kong — August 11, 2026 - **Planned next market:** Mexico — second half of 2026 ## Topics and entities - Industry lane: Web3 & stablecoin payments - Entities: Thredd / Cashi / Visa - Web3 payments - Cross-border payments - Payment infrastructure ## Evidence and credibility note Independent PYMNTS report based mainly on a Thredd news release and Cashi launch statements. Hong Kong is reported live; Mexico, physical cards and Apple Pay are planned. Adoption, volume, pricing and performance are not disclosed. Date evidence: Automatically verified from article:published_time: 2026-08-11T12:26:47+00:00 ## First-party corroboration No directly corresponding A1 company announcement is currently linked. ## Original-source traceback [Open the original PYMNTS report](https://www.pymnts.com/news/payment-methods/2026/thredd-helps-cashi-launch-stablecoin-card-program) --- This is a structured Payments Hot Markdown source summary derived from external reporting. Use the original link above to read the publisher's article; copyright remains with the original publisher.