Cashi picks Thredd to power stablecoin spending card

Cashi has partnered with Thredd to launch a new spending card that allows consumers to spend stablecoins just like traditional currency. While the program is currently live in Hong Kong, it is slated for a North American expansion starting with Mexico in late 2026. For retailers, this represents a growing shift in how digital assets are entering the mainstream payment ecosystem. The platform integrates a cashback rewards system, merging the benefits of crypto-assets with the familiar mechanics of a traditional loyalty credit card. The underlying technology by Thredd focuses on real-time processing and fraud prevention. This allows customers to hold stablecoins—digital currencies pegged to a stable reserve like the US Dollar—and spend them at the point of sale. The merchant receives payment in fiat, but the consumer gains the flexibility of using their digital wallet. This move signals that stablecoins are moving away from speculative trading and toward functional everyday commerce. Operators should keep an eye on these developments as they may eventually offer a way to reduce transaction friction and reach a younger, tech-savvy demographic that prefers digital-first assets over traditional bank accounts.

Source: Finextra — Lending

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