Global Card Issuance Enters a Compliance-Driven Era: WasabiCard is Building the Next-Generation Payment Infrastructure

marsbitPublicado a 2026-06-02Actualizado a 2026-06-02

Resumen

Global card issuance is entering a compliance-driven era, with WasabiCard building next-generation payment infrastructure. The platform asserts that as stablecoins increasingly enter cross-border payments, corporate settlements, and global commerce, the industry is shifting focus from "availability" and "growth-driven" models to long-term, compliant operation under global frameworks. Competition will center on sustainable compliance and global infrastructure capabilities. Stablecoins are evolving from on-chain assets into key payment tools in global business, with card issuance acting as critical infrastructure connecting digital assets to traditional payment networks like Visa and Mastercard. This expansion has revealed structural issues, including cross-regional issuance, BIN resource management, and insufficient AML and risk controls. In response, the industry is moving away from reliance on "grey efficiency" towards prioritizing compliance, risk management, and long-term operational stability. WasabiCard outlines its strategy: collaborating with licensed principals and local partners for localized operations, building robust KYC/AML systems, strictly separating commercial and consumer BIN usage, and enhancing global issuance, payment, and cross-border fund flow infrastructure. The goal is to build stable, scalable payment infrastructure amid evolving global regulations, shifting industry competition from scale to infrastructure capability. As stablecoins integrate furt...

Recently, WasabiCard released its latest industry perspective on the global card issuance sector and stablecoin payment infrastructure, stating that as stablecoins gradually enter cross-border payments, corporate settlements, and global business scenarios, the global card issuance industry is transitioning from a "growth-driven" phase to a "compliance-driven" stage.

WasabiCard indicated that in the past few years, the core issue in the stablecoin payment industry has largely revolved around "availability," whereas future industry competition will gradually shift its focus to "whether it can operate stably and sustainably under global compliance frameworks."

Ray, Co-founder of WasabiCard, stated: "Stablecoins are evolving from on-chain assets into important payment vehicles in global commerce. The competition in the next phase is no longer just about product efficiency or growth speed, but about whether companies possess the capacity for long-term compliant operations and the capability of globalized infrastructure."

As stablecoin applications extend from trading scenarios into the real business world, global card issuance capabilities are also becoming crucial infrastructure connecting digital assets with traditional payment networks. Through global payment networks like Visa and Mastercard, stablecoins and digital assets are further integrated into daily consumption, corporate payments, and cross-border capital flow scenarios.

Meanwhile, WasabiCard believes that the industry's rapid expansion has exposed increasingly structural issues, including risks related to cross-regional card issuance, BIN resource management, anonymous issuance, and insufficient anti-money laundering and risk control capabilities.

Against this backdrop, the industry is gradually shifting from a growth model reliant on "grey-area efficiency" to a development path that places greater emphasis on compliance, risk control, and long-term operational capabilities.

Centered on this trend, WasabiCard also disclosed its long-term infrastructure strategy, which includes: establishing localized operational systems through collaboration with licensed principal members and local partners; building robust KYC and AML risk control systems; strictly distinguishing between commercial BIN and consumer BIN usage scenarios; and continuously enhancing capabilities in global card issuance, payments, and cross-border capital flow infrastructure.

WasabiCard stated that the core objective of these strategies is not merely to improve short-term efficiency but to build payment infrastructure with long-term stability and scalability amid the evolving global regulatory landscape. The competitive logic of the future global card issuance industry will also gradually shift from "scale competition" to "infrastructure capability competition." As stablecoins further integrate with global commerce, payment infrastructure will no longer be just a financial tool but will gradually become an underlying capability embedded in internet commerce. Companies with global compliant operations, resource integration, and platformization capabilities will occupy more significant positions in the industry's next phase of development.

In the future, WasabiCard will continue to enhance its infrastructure capabilities, focusing on global card issuance, stablecoin payments, cross-border capital flows, and API-driven financial workflows.

About WasabiCard

WasabiCard is a stablecoin payment infrastructure platform for global business scenarios, dedicated to providing secure, reliable, and scalable global payment and capital flow capabilities for enterprises and individual users through the integration of stablecoins and the traditional financial system.

Addressing the needs for global payments and cross-border capital management, WasabiCard has built an integrated capability system covering card issuance, payments, and fund distribution, supporting enterprises in achieving a complete process from consumption to fund management across different usage scenarios.

Through its API-driven payment system, WasabiCard helps businesses and users quickly access global payment networks and continuously promotes the large-scale application of stablecoins in the real business world.

Read the full article:"Global Card Issuance Industry Enters a Compliance-Driven Era"

Disclaimer

This content is for informational purposes only and does not constitute any legal, tax, or professional advice provided by WasabiCard, nor should it substitute for seeking relevant professional advice independently. WasabiCard makes no express or implied representations, warranties, or commitments regarding the accuracy, completeness, or timeliness of the content herein.

If you wish to suggest updates to the relevant content, please contact us via the following email: [email protected]

Preguntas relacionadas

QWhat does WasabiCard identify as the main shift in the global card issuance industry, according to the article?

AWasabiCard states that the global card issuance industry is shifting from a 'growth-driven' phase to a 'compliance-driven' phase.

QAccording to WasabiCard co-founder Ray, what will the next stage of competition in the stablecoin industry focus on?

ARay states that the next stage of competition will focus on whether enterprises possess the capability for long-term compliant operations and global infrastructure, not just product efficiency or growth speed.

QWhat structural problems did the rapid expansion of the industry expose, as mentioned in the article?

AThe rapid expansion exposed structural problems including cross-regional card issuance, BIN resource management, anonymous card issuance, and insufficient AML and risk control capabilities.

QWhat are the core goals of WasabiCard's long-term infrastructure strategy?

AThe core goals are to build a payment infrastructure with long-term stability and scalability in the evolving global regulatory environment, not merely to improve short-term efficiency.

QWhat business does WasabiCard describe itself as?

AWasabiCard describes itself as a stablecoin payment infrastructure platform for global commercial scenarios, dedicated to integrating stablecoins with the traditional financial system to provide safe, reliable, and scalable global payment and capital flow capabilities for enterprises and individual users.

Lecturas Relacionadas

The Value Distribution of Stablecoins

**Summary: The Value Distribution of Stablecoins** The article argues that stablecoins are evolving from mere trading tools into broader channels for dollar access. It divides the stablecoin ecosystem into four layers to analyze how value is distributed: 1. **Issuance Layer:** Mints stablecoins, holds reserve assets, and captures the spread between reserve yield and user costs (e.g., Tether, Circle). This layer currently earns the largest profit margin. 2. **Infrastructure Layer:** Connects stablecoins to the traditional financial system, handling fiat on/off-ramps, banking integration, compliance (KYC/AML), and asset management (e.g., Bridge, BVNK). This is the "unglamorous" but critical work, building the essential bridges between crypto and real-world finance. 3. **Acquiring/Distribution Layer:** Integrates stablecoins into merchant systems, manages payment flows, and provides enterprise financial software (e.g., Stripe, Coinbase). They act as the access point for businesses. 4. **Application Layer:** The end-users and businesses that ultimately use stablecoins for payments, settlements, or as a store of value. They benefit from convenience but have little pricing power. The core thesis is that while the issuance layer currently dominates profits, the often-overlooked **infrastructure layer holds significant long-term potential**. The real challenge and barrier to mass adoption is not the on-chain transfer of stablecoins (which is simple), but the complex "last mile" integration into existing business workflows, banking systems, and regulatory frameworks across different countries. Companies in this layer are currently in a "land grab" phase, investing heavily to build networks, secure bank partnerships, and establish compliance pathways. While their position is currently pressured by the profitable issuers above and distribution platforms below, the article suggests that if stablecoins become a default financial rail for businesses, the infrastructure providers who have done the hard work of integration will ultimately gain strong pricing power and become entrenched, essential players.

marsbitHace 4 hora(s)

The Value Distribution of Stablecoins

marsbitHace 4 hora(s)

The Value Distribution of Stablecoins

The Value Distribution of Stablecoins The article argues that stablecoins are evolving from a mere trading tool into a broad "dollar channel." It analyzes the industry's value chain through four layers: 1. **Issuance Layer (e.g., Tether, Circle):** The top layer that mints stablecoins, holds reserve assets, and captures the thickest interest rate spread. 2. **Infrastructure Layer (e.g., Bridge, BVNK):** Connects stablecoins to the traditional financial system, handling critical but complex "dirty work" like fiat on/off-ramps, banking integration, compliance (KYC/AML), and cross-border settlement. 3. **Acquiring/Distribution Layer (e.g., Stripe, Coinbase):** Embeds stablecoins into merchant systems, manages payment flows, and integrates with enterprise software. 4. **Application Layer:** End-users and businesses that ultimately use stablecoins for payments, settlement, or storing value. The author posits that while the issuance layer currently captures the most profit, the most overlooked and potentially critical layer is infrastructure. The core challenge for stablecoin adoption isn't the on-chain transfer (which is simple), but bridging the gap between blockchain and the real-world financial system. This involves solving practical problems for businesses: fiat conversion, reconciliation, tax handling, and user onboarding. Infrastructure companies are currently in a difficult "land-grab" phase—building networks, securing banking relationships, and achieving compliance country-by-country. They face pressure from both the profitable issuance layer above and distribution platforms below. However, the author suggests this layer is building a crucial moat. Once stablecoins become a default business rail, the infrastructure players who have done the hard work of integration may gain significant, durable value and pricing power.

链捕手Hace 4 hora(s)

The Value Distribution of Stablecoins

链捕手Hace 4 hora(s)

How to Do Research Well: Deliberately Practice the Real Skills That Matter

No one truly teaches you how to do research. You're often given a desk, a pre-selected problem, and vague instructions to "create something new." Consequently, many people reverse-engineer the job based on visible outputs—papers, posts, announcements—learning only how to *appear* like a researcher rather than how to *become* one. True research capability is built from stacking small, trainable skills, nearly all of which can be developed through deliberate practice. **Pick Your Own Problem:** Most researchers absorb problems from advisors or trends, lacking the underlying reasoning. Choosing a problem you genuinely care about, as John Schulman advises, leads to original work. Develop "taste" like a muscle: predict experiment outcomes, guess paper results from methods, and track which findings remain important over time. **Upgrade Your Inputs:** Relying on shared reading lists (arXiv hot lists, filtered group chats) leads to unoriginal conclusions. Undervalued old literature often holds crucial insights (e.g., MoE, LSTM, backpropagation). Richard Sutton's "The Bitter Lesson" or Claude Shannon's 1952 talk on creative thinking are more predictive than lengthy modern surveys. Breadth matters as much as depth: draw from neuroscience, mechanism design, hardware knowledge, and honest statistics. Read papers directly, especially appendices and limitations sections. **Write Everything Down:** As Paul Graham noted, writing exposes flaws in seemingly mature ideas. Writing is the cheapest defense against self-deception. Following Feynman's principle, Darwin programmatically wrote down facts contradicting his theory to combat memory bias. Maintain a detailed log of hypotheses, setups, predictions, results, and updated understandings. Reviewing past logs fosters essential humility.

marsbitHace 6 hora(s)

How to Do Research Well: Deliberately Practice the Real Skills That Matter

marsbitHace 6 hora(s)

Trading

Spot
Futuros

Artículos destacados

Cómo comprar ERA

¡Bienvenido a HTX.com! Hemos hecho que comprar Caldera (ERA) sea simple y conveniente. Sigue nuestra guía paso a paso para iniciar tu viaje de criptos.Paso 1: crea tu cuenta HTXUtiliza tu correo electrónico o número de teléfono para registrarte y obtener una cuenta gratuita en HTX. Experimenta un proceso de registro sin complicaciones y desbloquea todas las funciones.Obtener mi cuentaPaso 2: ve a Comprar cripto y elige tu método de pagoTarjeta de crédito/débito: usa tu Visa o Mastercard para comprar Caldera (ERA) al instante.Saldo: utiliza fondos del saldo de tu cuenta HTX para tradear sin problemas.Terceros: hemos agregado métodos de pago populares como Google Pay y Apple Pay para mejorar la comodidad.P2P: tradear directamente con otros usuarios en HTX.Over-the-Counter (OTC): ofrecemos servicios personalizados y tipos de cambio competitivos para los traders.Paso 3: guarda tu Caldera (ERA)Después de comprar tu Caldera (ERA), guárdalo en tu cuenta HTX. Alternativamente, puedes enviarlo a otro lugar mediante transferencia blockchain o utilizarlo para tradear otras criptomonedas.Paso 4: tradear Caldera (ERA)Tradear fácilmente con Caldera (ERA) en HTX's mercado spot. Simplemente accede a tu cuenta, selecciona tu par de trading, ejecuta tus trades y monitorea en tiempo real. Ofrecemos una experiencia fácil de usar tanto para principiantes como para traders experimentados.

385 Vistas totalesPublicado en 2025.07.17Actualizado en 2026.06.02

Cómo comprar ERA

Discusiones

Bienvenido a la comunidad de HTX. Aquí puedes mantenerte informado sobre los últimos desarrollos de la plataforma y acceder a análisis profesionales del mercado. A continuación se presentan las opiniones de los usuarios sobre el precio de ERA (ERA).

活动图片