Lithic and Lightspark Launch USDC-Based Payment Cards

cryptonews.ruPublished on 2026-08-06Last updated on 2026-08-06

Abstract

Lithic, a card issuance platform, and Lightspark, a developer of infrastructure for international money transfers, have launched a joint product on the Visa network. Issued by Lead Bank, the cards will settle transactions in USD Coin (USDC). The USDC settlement mechanism is built directly into the Lightspark platform. Users' funds are held in the stablecoin and are automatically converted to local currency at the point of sale. This allows the new product to utilize the same settlement infrastructure as the company's wider payment network. Lithic will handle transaction processing through its Authorization Intelligence system, which combines payment authorization, device verification, and fraud protection into a single programmable infrastructure.

Lithic — a card issuing platform, and Lightspark — a developer of infrastructure for international money transfers, have announced the launch of a joint product based on Visa. The cards are issued by Lead Bank, and settlements are conducted in $USDC.

The $USDC settlement mechanism is built directly into the Lightspark platform. User funds are held in stablecoins and are automatically converted to local currency at the moment of payment. Thanks to this, the new product uses the same settlement infrastructure as the company's entire payment network.

Lithic, with its Authorization Intelligence system, is responsible for transaction processing. The system combines payment authorization, device verification, and fraud protection into a single programmable infrastructure.

Image: Magnific

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Related Questions

QWhich two companies are launching a new payment card product based on Visa?

ALithic and Lightspark are launching the new payment card product based on Visa.

QIn which cryptocurrency are the settlements for these new payment cards conducted?

AThe settlements for these new payment cards are conducted in the USDC stablecoin.

QWhat is the role of the Lightspark platform in this new payment card product?

AThe Lightspark platform integrates the USDC settlement mechanism directly, storing user funds in stablecoins and automatically converting them to local currency at the point of sale.

QWhat is the primary responsibility of Lithic's Authorization Intelligence system for this product?

ALithic's Authorization Intelligence system is responsible for transaction processing, combining payment authorization, device verification, and fraud protection into a single programmable infrastructure.

QWhich bank is the issuer of the payment cards launched by Lithic and Lightspark?

ALead Bank is the issuer of the payment cards launched by Lithic and Lightspark.

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