Pomelo rolls out global card platform as Open USD stablecoin launched by Visa, Mastercard and others

Fintech infrastructure provider Pomelo announced a global card solution that lets banks and other issuers offer physical and virtual Mastercard and Visa cards in dollars or stablecoins across more than 150 markets without local licences or subsidiaries. The service, already operating for clients such as Western Union, BBVA, Santander, Binance and others, combines local issuance in Latin America with a single‑partner global model, aiming to simplify cross‑border expansion.

At the same time, the Open Standard consortium introduced the Open USD stablecoin, backed by Visa, Mastercard, Coinbase, Stripe, BlackRock, Mercado Libre, Google, BBVA, IBM, Shopify and over 140 other firms. The token is pegged to the U.S. dollar and will be issued and redeemed without fees or volume caps. Governance will be shared among participating companies through an independent board, with revenue from reserve assets distributed to members. Both initiatives seek to lower costs and increase scalability for corporate use of digital payments worldwide.