WasabiCard, a provider of stablecoin-powered payments infrastructure, has announced the launch of its Local Issuing Solution, which helps businesses quickly build card programs across more than 100 markets. The offering is designed to meet regional compliance standards, deliver competitive rates, and support settlement in stablecoins, including USDT, USDC, and Open USD (OUSD).

Why WasabiCard Built Local Issuing

“Global expansion has often meant issuing cards in one market and hoping the same model works everywhere else. That can create friction around compliance, card acceptance, and costs,” said Ray Yang, Co-Founder and CEO of WasabiCard. “Our Local Issuing Solution gives businesses the flexibility to issue natively in regional markets, settle in stablecoins, and deliver familiar branded experiences to end-users.”

WasabiCard collaborates with financial institutions worldwide to give businesses access to local bank identification numbers (BINs) — the identifiers that tie a payment card to its issuing institution. Because cards are issued in the market where transactions occur, businesses can reduce cross-border and foreign exchange fees while helping to improve merchant approval rates.

How a Card Program Is Set Up

Through an API, businesses can configure card programs, oversee the card lifecycle, and establish tailored program controls. Once the required documents are submitted and know-your-business (KYB) — the corporate equivalent of the identity checks payment providers run on individual customers — compliance, and partner reviews are completed, accounts can be activated in as little as 24 hours.

Businesses can select commercial or consumer BINs according to their operational needs, and cardholders can add virtual or physical cards to Apple Pay and Google Pay, the mobile wallets many consumers already use for day-to-day purchases. These white-label options allow companies to embed card issuing directly into their own products and payment workflows, strengthen brand visibility and competitiveness, and tailor each program to local market requirements.

Connecting Stablecoins to Everyday Commerce

The Local Issuing Solution pairs stablecoin settlement with the simplicity of paying by card. Stablecoins such as USDT and USDC are blockchain tokens designed to hold their value against the US dollar, which has made them a common tool for moving funds across borders outside traditional banking corridors. The solution supports program-level settlement in USDT, USDC, and OUSD, alongside commercial and consumer card program options on Visa and Mastercard, the two largest card networks worldwide. Businesses can fund programs from their stablecoin balances, while cardholders spend in local currency wherever cards are accepted — a structure that lets a company manage its treasury in digital dollars while end-users pay as they would with any conventional card.

Compliance Controls Before Funds Become Spendable

Stablecoin funding introduces compliance checks, and at WasabiCard these begin before a deposit becomes available to spend. Because stablecoin transfers are recorded on public blockchains, the path of a deposit can be traced through the wallets that previously held it. The company cross-checks on-chain data to understand where funds originated and whether they are linked to known risks, such as scams or stolen assets. Deposits with direct exposure to high-risk sources are declined, while deposits with an indirect link warranting closer review are held as WasabiCard's compliance team assesses them in context.

This distinction helps keep high-risk funds out of card programs while ensuring legitimate activity is assessed fairly. For issuing partners, every decision is supported by an auditable record, providing the accountability needed to sustain programs over the long term.

Built for Global Payouts and Modern Business Spending

As teams, platforms, and digital services operate across borders, businesses need more flexible ways to manage payouts and everyday payments. The solution supports a range of workflows, including payments to global teams and platform users, digital advertising and AI service subscriptions, and business purchasing and employee expense management.

For workforce and platform payouts, businesses can distribute compensation or operating funds to Web3 team members, contractors, and partners across different regions. Content platforms, livestreaming platforms, and talent agencies can use the solution to distribute creator earnings, commissions, revenue shares, and incentives, while human resources companies, staffing agencies, and flexible workforce platforms can manage payments to employees and workers across markets.

For digital advertising, businesses can create and manage cards in batches by advertising account, team, or campaign. For corporate spending, they can configure cards and set granular budgets for purchasing, travel, and general expenses, making spending easier to track and manage.

To date, WasabiCard has served more than 700 enterprise clients, issued over 700 thousand cards, and processed more than US$1 billion in transaction volume across 200 countries and regions, with support for more than 70 card BINs. Those figures describe the platform's footprint as of today and provide a baseline against which the rollout of the Local Issuing Solution can be measured. Additional information is available on the official WasabiCard website.