Cashi picks Thredd to power stablecoin spending card
70 pts · High·Finextra Payments·10w ago · Aug 11, 14:03 UTC·1 min read
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Thredd has been chosen by Cashi to provide the infrastructure for its stablecoin spending and cashback card program, which has launched in Hong Kong. The new offering will allow users to spend stablecoins in a practical manner while earning cashback benefits. Plans to expand the program into Mexico are expected to materialize by late 2026.
Key takeaways
- ▸Thredd will provide processing for Cashi's stablecoin card, now live in Hong Kong.
- ▸The card offers cashback benefits on stablecoin transactions.
- ▸Cashi plans to expand its stablecoin spending card to Mexico by late 2026.
Why this matters
The partnership enhances Thredd's positioning in the rapidly evolving stablecoin market while allowing Cashi to offer innovative spending solutions that can attract crypto-savvy consumers. This move could increase consumer adoption of stablecoins in retail transactions, impacting traditional payment methods and possibly prompting competitive responses from other providers in the region.
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