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Crypto payments firm Truther is set to launch a groundbreaking non-custodial USDT Visa card in El Salvador on January 29th. This innovative product allows users to spend Tether's stablecoin directly from their self-custody wallets, eliminating the need for pre-loading funds or relying on third-party custodians. The move aims to make stablecoin transactions more seamless and user-controlled.
Key Takeaways
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Truther's new Visa card enables direct spending of USDT from non-custodial wallets.
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The card launches in El Salvador on January 29th, with wider availability planned.
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It bypasses traditional pre-loading and custodial service requirements.
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The service integrates with Visa and leverages Truther's existing payment infrastructure.
Direct Spending Without Pre-loading
Truther's upcoming Visa card, developed in partnership with Visa, promises a significant shift in how users can utilize stablecoins. Unlike conventional crypto cards that often require users to deposit funds into a custodial account or top up the card beforehand, Truther's solution draws funds directly from the user's self-custody wallet at the point of sale. Founder Rocelo Lopes explained, "You don’t charge the card beforehand. If you're at a hotel and the bill is 30 euros, it deducts the USDT equivalent in real time."
Enhanced User Control and Privacy
The card operates on the Polygon blockchain, with plans to migrate to the Liquid network for enhanced privacy. This non-custodial approach ensures users retain full control over their assets, a key differentiator from many existing crypto payment solutions. The service will feature a 2% fee on currency conversions, with Brazilian users exempt from the IOF tax on financial transactions.
Expanding Reach Beyond El Salvador
El Salvador, having adopted Bitcoin as legal tender, serves as a strategic launchpad for Truther's innovative card. Following the El Salvador debut, the card will become accessible to all of Truther's users globally. Truther's existing infrastructure already processes substantial daily volumes by connecting stablecoins like USDT to Brazil's PIX instant payment system. The company is also expanding its Swapix API, which facilitates instant crypto-to-fiat conversions, to Argentina, Mexico, Colombia, and Russia, prioritizing markets with robust 24/7 payment infrastructure and QR code transaction support.
Future Integrations and Market Growth
Truther's self-custody wallet currently supports BTC, USDT, and its own Brazilian real-pegged stablecoin, built on the Liquid network. By early 2025, the company plans to integrate additional local stablecoins, including tether gold and an Argentine peso-pegged token. The wallet also allows for QR code-based spending and receiving stablecoins without network fees. Truther is also reportedly exploring collaborations with traditional banks to integrate stablecoins into their platforms, signaling a potential surge in stablecoin adoption driven by both crypto-native and traditional financial players.
Sources
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