WasabiCard adds global remittance service with support for 30-plus fiat currencies

WasabiCard has rolled out a global remittance service that supports more than 30 fiat currencies and targets businesses, fintech platforms, and internet-native companies seeking cross-border payouts and bulk fund distribution. According to ChainCatcher, eligible payment rails can settle in real time or on a T+0 basis. The service uses stablecoins as the funding allocation and settlement layer, linking the traditional banking system with local payment networks. After completing the required KYC or KYB review, users can deposit USDT into a WasabiCard account and use the remittance function to convert the stablecoin into a selected fiat currency, with funds sent in real time to a bank card account under the user’s own name. In corporate treasury management and fund collection scenarios, eligible businesses can also receive payments through a corporate bank account. Companies can initiate payouts to employees, contractors, suppliers, creators, affiliate partners, and platform merchants through a unified management dashboard or API. Core functions include bulk payments, smart routing, transparent exchange rates and fees, payment status tracking, and financial reconciliation.