Visa partner Reap plans Mexican peso stablecoin launch for round-the-clock FX settlement
Summary
Reap plans to add a Mexican peso stablecoin to its card, cross-border payment and treasury products, using its partnership with Visa for round-the-clock settlement. The Payward-owned fintech is also exploring Hong Kong dollar, euro, won and yen tokens, but gave no launch timetable or issuer details. Reap says local-currency stablecoins could help businesses move funds and manage foreign-exchange exposure outside banking hours, addressing a market where stablecoins are overwhelmingly dollar-denominated. Visa provides network-level settlement while Reap manages regulated card issuance and compliance. Reap reported 33% year-over-year growth in card and payments volume in the first half of 2026.
