stable coins
By Sydney TheCMO
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Hong Kong Dollar, Euro, Won, Yen — All in the Mix. Beyond the Mexican peso, Reap is looking at stablecoins pegged to the Hong Kong dollar, euro,…
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33% Volume Growth and a Visa Partnership Doing Real Work. The growth numbers back up the ambition. In the first half of 2026, Reap's card and payments…
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The Bigger Bet on Non-Dollar Stablecoins. The non-USD stablecoin market is still small. Dollar-pegged tokens — USDT, USDC, and their cousins…
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Reap wants to kill the FX fee. The Hong Kong-based fintech and Visa Principal Issuer Member is moving to add a Mexican peso stablecoin to its product lineup — cards, cross-border…
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It's a pointed move. Right now, stablecoin transactions are almost entirely dollar-denominated.
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The peso isn't the only currency on Reap's radar.
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Beyond the Mexican peso, Reap is looking at stablecoins pegged to the Hong Kong dollar, euro, South Korean won, and Japanese yen. No timeline has been announced.
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What's clearer is why Mexico makes sense as a starting point. Reap holds licensing in both Hong Kong and Mexico, so a peso token isn't some speculative leap — it's a logical…
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Reap's ownership structure adds another layer here. Payward — the parent company of Kraken — owns Reap, and that relationship probably opens doors.
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The growth numbers back up the ambition. In the first half of 2026, Reap's card and payments volume rose 33% compared to the same period a year earlier.
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The Visa relationship is central to all of this. Reap operates as a Visa Principal Issuer Member, which means it can manage the regulated card-issuing business directly —…
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See also: Google and Apple Recruit Crypto Experts as Digital Asset Demand Grows
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Visa's Asia-Pacific president, Stephen Karpin, put it plainly: blockchain and traditional banking systems can work alongside each other rather than fight for the same ground.
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The Asia-Pacific angle is worth sitting with for a second. Regulatory environments across the region vary wildly — Hong Kong has moved aggressively toward crypto licensing, while…
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The non-USD stablecoin market is still small. Dollar-pegged tokens — USDT, USDC, and their cousins — dominate global stablecoin volume by a massive margin.
The Currency Analytics
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