Thredd Partners with Cashi to Launch Global Stablecoin Spending Card in Hong Kong and Mexico

Quick Summary

Thredd has partnered with Cashi to launch a stablecoin spending card, enabling users to spend digital assets at any Visa-accepting merchant. Currently live in Hong Kong with a Mexico expansion planned for 2026, the program utilizes Thredd's AI-first issuer processing to bridge digital dollars with everyday retail payments.

How Does Cashi Enable Everyday Stablecoin Spending?

Cashi solves the utility gap for digital assets by providing a seamless spending app and cashback card. By partnering with Thredd, Cashi allows consumers to convert stable digital assets into purchasing power for groceries, travel, and online shopping. The stablecoin spending card is designed for users who require borderless money movement while maintaining value stability.

• Virtual Visa cards are currently live for Hong Kong users.
• Support for Google Pay integration is available immediately.
• Users earn cashback rewards on everyday digital asset transactions.

What Are the Strategic Goals for the Mexico Expansion?

The partnership aims to replicate its Asian success in the LATAM market by late 2026. This expansion will introduce physical payment cards to complement the existing virtual offering, catering to diverse consumer preferences in Mexico. By leveraging Thredd's unified API platform, Cashi ensures a consistent user experience across distinct regulatory environments.

• Apple Pay support will be introduced during the Mexico rollout.
• The platform supports local payment requirements across multiple jurisdictions.
• Phased rollout provides a scalable foundation for further global market entries.

How Does Thredd Support Crypto Card Innovation?

Thredd provides the modern issuance models necessary for high-growth fintechs to scale. Their AI-first processing platform handles the complexities of ledger capabilities and transaction security, allowing Cashi to focus on the user interface. This technical infrastructure is critical for maintaining operational resilience during rapid international expansion.

“Cashi is helping turn stable digital assets into something consumers can use naturally in their everyday lives,” said Damien Gough, Head of APAC, Thredd. “Launching a programme across markets as distinct as Hong Kong and Mexico requires technology that can support local payment requirements without compromising the consistency of the customer experience. Thredd’s platform gives Cashi a strong foundation to launch, expand and bring its vision for borderless spending to more consumers.”

FF NEWS TAKE:

This partnership definitely moves the needle by proving that stablecoin spending card programs are no longer niche experiments but scalable global products. Thredd’s ability to bridge the gap between Web3 assets and traditional Visa networks in disparate markets like Hong Kong and Mexico highlights the maturing infrastructure of embedded finance. It signals a shift where digital dollars become a primary, rather than secondary, payment method.