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first_img Visa partner Reap plans to launch a Mexican Peso stablecoin, exploring 24/7 on-chain foreign exchange

According to CoinDesk, Daren Guo, founder of Reap, a Hong Kong fintech platform and Visa partner, stated that Reap plans to add a Mexican peso stablecoin to its card, cross-border payment, and fund management products, and is exploring stablecoins for the Hong Kong dollar, euro, Korean won, and Japanese yen to support around-the-clock on-chain foreign exchange settlements and reduce cross-border costs.Reap is a major issuing member of Visa in Hong Kong and Mexico (VPIM), owned by Kraken's parent company Payward, and can issue cards on its own BIN, claiming to support partners in over 100 markets. Guo noted that while public blockchains continue to operate, global foreign exchange still relies on bank operating hours, correspondent banks, and settlements that can take several days. Transfer fees for some currency corridors in emerging and cross-border markets can reach 5% to 7%, while nearly 99% of current stablecoin payments are denominated in US dollars.The company is integrating stablecoin settlements into a broader product system that includes cards, cross-border payments, fund management, and compliance risk control. Reap stated that in the first half of 2026, card and payment volumes grew by 33% year-on-year, with revenue and transaction volume expected to double in 2025. Stephen Karpin, President of Visa Asia Pacific, stated that blockchain settlement should not be viewed as a replacement for traditional payment systems, but rather as a complementary relationship, with opportunities to reduce friction and maintain interoperability with the broader financial system.

Famous trader: Bitcoin has continuously digested interest rate hikes and the obstruction of the CLARITY Act, the market trend may have changed

Renowned trader Killa stated, "The 'Everything is Priced In' chart records the major catalytic events in each cycle of Bitcoin, as well as the price performance after these events occur." He believes that during bear markets, negative news typically drives BTC to continue falling, leading traders to gradually form the habit of "shorting on bad news"; however, when the high time frame trend reverses, the same news may only cause temporary panic, after which Bitcoin absorbs the selling pressure and continues to rise.Recently, the market has experienced the Federal Reserve's interest rate hikes, the voting expectations for the CLARITY Act, and the failure to advance the act. At one point, the market viewed these events as reasons for Bitcoin to decline further, but BTC only briefly fell below the range's low point, quickly rebounding and showing strong resilience. Even when narratives related to a "Third World War" intensified, Bitcoin began to respond relatively positively to panic factors in terms of price. He believes this performance is a significant distinction between bull and bear markets: in a bear market, bad news drives prices down, while in a bull market, bad news may prompt traders to capitulate, after which prices continue to rise.Killa noted that the important catalyst confirming the continuation of the last cycle was the approval of the spot Bitcoin ETF, while a similar catalyst for this cycle may be the CLARITY Act. Bitcoin's recent ability to digest multiple pieces of bad news is an important basis for his judgment that the trend has already changed.
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