Solayer launches Visa card to spend USDC via Solayer Pay

Solayer launched a Visa-compatible physical payment card that lets users spend USDC held in Solayer Pay for in-store, online and contactless purchases, and withdraw cash at ATMs in supported regions. The company announced the card is available to order through the Solayer Pay mobile app. Existing Solayer Pay customers may request the card at no cost; new customers face a $20 annual activation fee.

Transactions route over Visa’s payment network and draw directly from a user’s USDC balance in Solayer Pay. Solayer Pay supports storing, transferring and spending digital assets through Visa-linked payment infrastructure. The physical card adds a plastic option to the service’s digital-wallet features.

Solayer develops infiniSVM, a layer-1 network compatible with the Solana Virtual Machine that is designed for high-throughput on-chain applications and uses Solana (SOL) for gas fees. Solayer Pay launched in April 2025 under the name Emerald Card and initially rolled out to about 40,000 users across more than 100 countries.

Stablecoin-linked payment cards have been introduced by multiple crypto and payments firms. Providers have tied stablecoins such as USDC to Visa and Mastercard rails, and some programs are testing direct stablecoin settlement through card networks. Several initiatives have focused on regional rollouts and infrastructure partnerships to enable cross-network stablecoin payments.

Data from DefiLlama shows the stablecoin market capitalization rose from roughly $243.3 billion in May 2025 to about $322.5 billion today. Tether’s USDT holds about $189.7 billion, or roughly 58.8% of the market, while Circle’s USDC is near $76.7 billion.

Users who want the Solayer Visa-compatible card can place an order in the Solayer Pay app. The company said the card provides a way to access USDC balances for everyday payments using existing Visa infrastructure.