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

marsbitPublicado em 2026-06-02Última atualização em 2026-06-02

Resumo

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]

Perguntas 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.

Leituras Relacionadas

Solana Explosive Growth Pushes Its Monthly Perps Volume Beyond Prior Records

Despite bearish market conditions and price volatility, Solana is demonstrating significant strength in its derivatives market. The network's monthly perpetual futures volume has surged to a new record, exceeding $76.7 billion in May 2026—a 34% increase from the previous high. This growth reflects heightened speculative activity and trader engagement. Analysts note that perpetual contracts are becoming crucial financial primitives, with Solana positioning itself as a network for genuine on-chain price discovery and execution. Concurrently, Solana is experiencing a massive increase in stablecoin activity, processing over $79.9 billion in stablecoin volume in one week, underscoring its role as a major hub for on-chain liquidity and transactions.

bitcoinistHá 1m

Solana Explosive Growth Pushes Its Monthly Perps Volume Beyond Prior Records

bitcoinistHá 1m

Bloomberg Uncovered: How Do China's Wealthy Circumvent the Annual $50,000 Limit to Transfer Assets?

**Summary: How Wealthy Chinese Circumvent $50,000 Annual Foreign Exchange Limits** Despite China's strict capital controls, including an annual $50,000 per person foreign exchange quota, an estimated $150 billion in funds still leaves the country annually via various gray and underground channels. This report outlines the evolution of China's "capital wall" and the methods used to bypass it. **The Evolving Capital Controls:** * **Foundation (1994):** The system of "current account convertibility with strict capital account controls" was established. * **Quota Set (2007):** The $50,000 individual annual forex purchase limit was formalized. * **Crackdown Begins (2015-2017):** Following market volatility, enforcement tightened. Banks were required to scrutinize transactions, and channels like using UnionPay cards for Hong Kong insurance premiums or buying overseas property were blocked. * **Digital & Legal Upgrades (2024-2026):** Enhanced algorithms now flag suspicious patterns (e.g., "smurfing"). The Common Reporting Standard (CRS) provides Chinese tax authorities with data on citizens' offshore accounts. Unlicensed cross-border brokers have been targeted. **Five Primary Methods for Moving Capital:** 1. **Underground Banking / "Hawala" (Duiqiao):** The largest-scale method. No money crosses borders. Clients pay RMB to a domestic account; an overseas associate deposits equivalent foreign currency into the client's offshore account. Risks include high fees, account freezes, and legal penalties. 2. **"Smurfing" or "Ant Moving":** Using multiple individuals' $50,000 quotas to pool funds for one offshore recipient. Increasingly detected by anti-money laundering algorithms. 3. **Trade Invoice Manipulation:** Businesses over-invoice imports or under-invoice exports via offshore shell companies, creating a pretext to transfer excess funds abroad under the guise of trade. 4. **Channel Migration:** After a crackdown on internet brokers, funds flow toward more compliant but costly channels like major banks' cross-border wealth management services or Qualified Domestic Institutional Investor (QDII) quotas. 5. **Structural Arrangements:** High-net-worth individuals use complex, high-cost legal structures involving offshore trusts, insurance, and investment migration programs to transfer asset ownership. **Regulatory Response: Focusing on People, Not Just Money** The current strategy extends oversight from enterprises to **individual residents**. Tools like CRS allow retroactive visibility into offshore assets. Cryptocurrencies, once seen as a potential loophole, are now actively monitored and prosecuted as an illegal channel. The underlying driver remains: with significant wealth concentrated among millions of affluent households seeking diversification amid domestic economic shifts, the incentive to move assets offshore persists despite regulatory barriers.

marsbitHá 7m

Bloomberg Uncovered: How Do China's Wealthy Circumvent the Annual $50,000 Limit to Transfer Assets?

marsbitHá 7m

Ethereum's Ballmer Moment: As Everyone Is Bearish, the Circulating Supply Is Disappearing

"Ethereum's Ballmer Moment: Circulation Shrinks Amid Bearish Sentiment" Amid widespread bearish sentiment, with prominent figures like Bankless founder David Hoffman selling ETH and young developers flocking to Solana, some argue Ethereum is entering its "Ballmer era"—akin to Microsoft's perceived stagnation under Steve Ballmer. While surface-level criticisms about slow protocol development, cautious leadership, and competitive pressure are valid, underlying fundamentals tell a different story. Approximately 30% of ETH is staked, major holders like BitMine are accumulating, and spot ETFs continue to absorb supply. Regulatory clarity, including the SEC/CFTC's March ruling on staking rewards and the potential passage of the CLARITY Act, is transforming crypto from a regulatory threat into a legitimized framework. This institutionalization, alongside a shrinking circulating supply (with net issuance around 0.23% annually), creates significant buy-side pressure independent of fee-based value capture. The broader crypto total addressable market is expanding through regulated stablecoins, tokenized assets, and institutional adoption. While public chains face competition from permissioned alternatives, the winning model appears to be permissioned assets settling on public chains like Ethereum and Solana. The author advocates a non-maximalist, barbell strategy: holding ETH for its institutional role and supply squeeze, SOL for consumer/throughput trends, BTC as a macro hedge, and a basket of next-gen L1s. Key bullish drivers for ETH include rapid circulation shrinkage, potential Q2 staked ETF approvals, regulatory tailwinds solidifying its role as a default settlement layer, and the optionality of an eventual "Satya moment" leadership shift. Despite bearish consensus, the current setup—where crypto is "not hot" and regulatory groundwork is being laid—presents a compelling investment opportunity. The crypto cycle's focus may have shifted to AI, but blockchain infrastructure is gaining a legal and institutional foothold precisely while attention is elsewhere.

marsbitHá 7m

Ethereum's Ballmer Moment: As Everyone Is Bearish, the Circulating Supply Is Disappearing

marsbitHá 7m

Claude Code Introduces Dynamic Workflows: Enabling AI to Form Teams and Collaborate

Claude Code introduces dynamic workflows, enabling AI to coordinate teams of specialized agents for complex tasks. This transforms Claude from a code assistant into a programmable workbench. Workflows address key limitations of single-agent systems: agentic laziness (premature task completion), self-preferential bias (favoring own outputs), and goal drift (losing sight of original objectives). The system allows Claude to dynamically create execution frameworks using JavaScript. It can split tasks, dispatch parallel agents for isolated work (e.g., in separate worktrees), implement adversarial validation, run tournaments, and synthesize results. This multi-agent approach is valuable for tasks requiring deep research, factual verification, code migration, root cause analysis, large-scale triage, and qualitative sorting. Key patterns include: classify-and-route, fan-out-and-synthesize, adversarial verification, generate-and-filter, tournaments, and loop-until-done. While token usage is higher, workflows excel where tasks resemble programming—needing problem decomposition, isolated context, hypothesis testing, and handling many details. They extend Claude Code's utility beyond technical work to areas like business plan review, resume screening, and naming brainstorm. The feature is not a universal solution but points to a future where AI tool competitiveness depends on organizing reliable, reusable, and auditable execution flows for complex goals.

marsbitHá 48m

Claude Code Introduces Dynamic Workflows: Enabling AI to Form Teams and Collaborate

marsbitHá 48m

Hyperliquid, Wall Street's 24/7 Trading Convenience Store

Hyperliquid: The 24/7 Trading "Convenience Store" for Wall Street Hyperliquid, a decentralized cryptocurrency exchange, has become a go-to platform for Wall Street traders seeking to trade around the clock, especially during traditional market closures. Founded by Jeff Yan, a former quantitative trader, after the FTX collapse, the platform emphasizes user self-custody of assets. It offers a wide range of perpetual contracts—leveraged derivatives with no expiry—on assets from Bitcoin and crude oil to the S&P 500 and even pre-IPO companies like SpaceX. A notable example involves a hedge fund trader who capitalized on geopolitical news over a weekend, securing a 243% return on oil derivatives before markets reopened. The platform, run by just 11 employees, generated approximately $800 million in revenue last year, and its native token HYPE has seen significant growth. Its rise highlights the merging of traditional finance and crypto. While U.S. users are currently restricted, recent CFTC rule changes could open access. The platform is known for its transparency, having processed $10 billion in liquidations during a market crash while competitors faltered. Regulators warn of the high risks and complexity of perpetual contracts for retail investors. Key to its appeal is a strong community culture, direct engagement with founders, and a simple interface. Despite rules against VPN use, it attracts global users with its permissionless approach. Hyperliquid plans to expand into prediction markets and options, aiming to eventually host all financial activity.

marsbitHá 49m

Hyperliquid, Wall Street's 24/7 Trading Convenience Store

marsbitHá 49m

Trading

Spot
Futuros

Artigos em Destaque

Como comprar ERA

Bem-vindo à HTX.com!Tornámos a compra de Caldera (ERA) simples e conveniente.Segue o nosso guia passo a passo para iniciar a tua jornada no mundo das criptos.Passo 1: cria a tua conta HTXUtiliza o teu e-mail ou número de telefone para te inscreveres numa conta gratuita na HTX.Desfruta de um processo de inscrição sem complicações e desbloqueia todas as funcionalidades.Obter a minha contaPasso 2: vai para Comprar Cripto e escolhe o teu método de pagamentoCartão de crédito/débito: usa o teu visa ou mastercard para comprar Caldera (ERA) instantaneamente.Saldo: usa os fundos da tua conta HTX para transacionar sem problemas.Terceiros: adicionamos métodos de pagamento populares, como Google Pay e Apple Pay, para aumentar a conveniência.P2P: transaciona diretamente com outros utilizadores na HTX.Mercado de balcão (OTC): oferecemos serviços personalizados e taxas de câmbio competitivas para os traders.Passo 3: armazena teu Caldera (ERA)Depois de comprar o teu Caldera (ERA), armazena-o na tua conta HTX.Alternativamente, podes enviá-lo para outro lugar através de transferência blockchain ou usá-lo para transacionar outras criptomoedas.Passo 4: transaciona Caldera (ERA)Transaciona facilmente Caldera (ERA) no mercado à vista da HTX.Acede simplesmente à tua conta, seleciona o teu par de trading, executa as tuas transações e monitoriza em tempo real.Oferecemos uma experiência de fácil utilização tanto para principiantes como para traders experientes.

471 Visualizações TotaisPublicado em {updateTime}Atualizado em 2026.06.02

Como comprar ERA

Discussões

Bem-vindo à Comunidade HTX. Aqui, pode manter-se informado sobre os mais recentes desenvolvimentos da plataforma e obter acesso a análises profissionais de mercado. As opiniões dos utilizadores sobre o preço de ERA (ERA) são apresentadas abaixo.

活动图片

Categorias popularesright-arrow

Etiquetas Popularesright-arrow