Sharjah, United Arab Emirates, August 11th, 2026, TechnologyWire

Stablecoins can be used for payments at 150 million Visa merchants, with cashback of up to 3% provided in U.S. dollars and no expiration.

Cashi today launched its app and card in public beta, giving people a simple way to hold stablecoins and spend them like cash. Users deposit USDT or USDC, get a virtual Visa card in minutes, and pay anywhere Visa is accepted, online or in-store with Google Pay. A full launch is expected before the end of the year.

More than 300 million people worldwide now hold stablecoins, and stablecoin payments passed $33 trillion last year. But spending them still means exchanges, transfers, and fees at every step. And for millions of people paid in one currency and living in another, or watching their local currency lose value, a stable balance they can actually spend has been out of reach. Cashi closes that gap. Money stays in stablecoins until the moment of payment, then it just works, like any card.

Cashi users can expect to:

• Spend anywhere Visa is accepted. At more than 150 million merchant locations worldwide, online and in-store, with no lock-ups and no forced conversions.
• 3-2-1 Cashi Cashback. 3% back on subscriptions like Amazon Prime and UberOne, 2% on online shopping, 1% on flights and hotels.
• Cashback that's real money. Paid as spending credit in dollars. No points, no conversions, no expiry.
• Tap to pay from day one. The Cashi card can be added to Google Pay for in-store payments from the moment of sign-up. Apple Pay and physical cards arrive with full launch.

More than 1,100 people have joined Cashi's waitlist ahead of today's beta launch.

"We built Cashi around a simple idea: money should be easy to hold, easy to spend, and steady in value," said Esther Wong, founder and CEO of Cashi. "Our users are freelancers, families, and travelers who already live globally. They don't want to trade crypto. They want money that's simple, stable, and spendable. That's the whole product."

“Cashi is a great example of how we support global partners in bringing their own card programs to life on the Visa network,” said Pablo Che Leon, Head of Customer Growth at Reap. “They’re exactly the kind of partner Reap is well positioned to support, a team building for people who live and earn across borders, betting on stablecoins as everyday spending money, and reaching underserved markets where it matters most. We’re excited to see the offering that Cashi will bring to the market, and we’re confident they will be building a great experience for their users.”

Secure and compliant. Cashi cards are issued through licensed partners, and every account is protected by full identity verification and transaction screening that meet international AML standards. Customer assets are held with institutional-grade custody infrastructure. Cashi is a financial technology company, not a bank.

Availability. The Cashi app is available today on the App Store and Google Play in 100+ countries. Users can learn more at https://cashi.com/.

About Cashi

Cashi is a global spending app and cashback card, built to make money simple, usable, and borderless. People use Cashi to hold, send, and spend stablecoins globally: online, in stores, and while travelling, anywhere Visa is accepted. Cashi works with regulated financial and technology partners to deliver its card and payment services. Stable money, simply yours. Users can learn more at https://cashi.com/.

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