WasabiCard, a global stablecoin payment infrastructure provider, said founders Ray Yang and Fire Liu visited Japan and formally signed a strategic partnership agreement with SOUSHIN Ltd. The two sides said they reached a cooperation understanding on advancing the digital transformation of traditional Japanese retailers and deepening work on stablecoin payments.
In the announcement, WasabiCard described SOUSHIN as a Japanese trading company and a strategic partner of FamilyMart, Itochu, and Don Quijote. It also said SOUSHIN has been deeply involved in the digital transformation of traditional Japanese enterprises.
The partnership is intended to combine WasabiCard’s technical capabilities in global payment infrastructure and stablecoin payments with SOUSHIN’s resources across Japan’s retail and trading ecosystem. The stated goal is to help traditional retailers in Japan continue their digital upgrades while expanding communication and cooperation around stablecoin payments, with a focus on cross-border payment and settlement efficiency for the retail sector.
What the two sides said
Ray Yang, founder of WasabiCard, said, 「Global payment infrastructure is entering a new cycle of transformation driven by stablecoins and programmable finance. We believe payments will become more global, real-time, and internet-native. Our cooperation with SOUSHIN is an important step for WasabiCard as we deepen our presence in the Japanese market and push stablecoin payments into the real economy.」
Keiichiro Honda, vice chairman of SOUSHIN, said WasabiCard’s capabilities in global payment infrastructure and stablecoin payments are closely aligned with SOUSHIN’s direction in promoting the digital transformation of traditional Japanese businesses. He said both sides will use the partnership to explore integrated innovation between retail digitization in Japan and next-generation payment methods.
Operating figures disclosed by WasabiCard
WasabiCard said it has served more than 500 enterprise clients worldwide, issued more than 700,000 cards, and surpassed $1 billion in cumulative transaction volume.
The company said its payment capabilities are used across global payroll, advertising payments, AI and SaaS subscription payments, and embedded finance. It also said it has integrated with the Avalanche, Arbitrum, and BNB Chain ecosystems and joined the Circle Alliance Program to support the expansion of the global stablecoin payments ecosystem.
About WasabiCard
According to the company description included in the release, WasabiCard is a global payment infrastructure platform that uses stablecoin-powered financial infrastructure to provide card issuance, global payouts, and cross-border payment capabilities for enterprises, fintech companies, and internet-native businesses. The platform supports global card issuance, multi-currency settlement, stablecoin funding, and embedded payment capabilities, and is designed for modern global commerce.
WasabiCard said its services are used in payment scenarios including ad buying, AI tools and SaaS subscriptions, global payroll, treasury management, and digital financial applications.
