3 min read
|
Saved February 14, 2026
|
Copied!
Do you care about this?
Truther is introducing a Visa card in El Salvador on January 29, allowing users to spend USDT directly from their self-custody wallets without preloading funds. The card features a 2% fee on currency conversions and no IOF tax for Brazilian users, aiming to simplify stablecoin transactions for travelers and crypto enthusiasts. Truther plans to expand its services to other Latin American countries in the near future.
If you do, here's more
Crypto payments firm Truther is set to launch a non-custodial USDT Visa card in El Salvador on January 29, 2025. This card allows users to spend USDT directly from their self-custody wallets without needing to preload funds or use custodial services. Transactions will incur a 2% fee on currency conversions, but Brazilian users will benefit from an exemption from the IOF tax on financial transactions. Truther aims to expand its services into Argentina, Mexico, and Colombia, planning to integrate more local stablecoins into its wallet by early 2025.
The card operates by drawing funds from Truther’s self-custody wallet at the moment of purchase, enabling real-time payments. Users can send funds to the card almost instantly, ensuring they only pay the exact amount needed. The card's design promotes control and privacy, utilizing the Polygon blockchain, with future plans to migrate to the Liquid network for enhanced security. Truther already processes $40 million in daily volume by linking stablecoins like USDT to Brazil’s PIX payment system, and this launch aligns with Visa's ongoing initiatives in stablecoin payouts.
Truther’s self-custody wallet supports BTC, USDT, and its own stablecoin tied to the Brazilian real. The company is also exploring partnerships with traditional banks to incorporate stablecoins into their platforms. Lopes anticipates that stablecoin volumes could triple in the next year as more traditional financial institutions enter the crypto space. The launch in El Salvador serves as a test for broader adoption of crypto payments across Latin America, leveraging the region's growing infrastructure for real-time settlements and QR code transactions.
Questions about this article
No questions yet.