Crypto Payments Firm Truther to Launch Non-Custodial USDT Visa Card in El Salvador

Core Insights - Truther plans to launch a crypto payment card in El Salvador on January 29, allowing users to spend USDT directly from their wallets without preloading funds or using custodial services [1][2] Product Details - The card will draw funds from Truther's self-custody wallet at the moment of purchase, featuring a 2% fee on currency conversions, and will not carry the IOF tax for Brazilian users [2] - Unlike traditional crypto cards, Truther's card allows real-time deduction of USDT equivalent without prior loading, enhancing practicality for travelers [3] Partnership and Infrastructure - The partnership with Visa builds on Truther's existing infrastructure, which processes $40 million in daily volume by connecting stablecoins like USDT to Brazil's PIX payment system [4] - Visa has begun piloting stablecoin payouts for creators and gig workers, indicating a growing acceptance of stablecoins in traditional finance [4] Market Expansion - The launch in El Salvador serves as a test for broader adoption across Latin America, with plans to extend services to Argentina, Mexico, Colombia, and Russia [5][6] - Truther's self-custody wallet supports BTC, USDT, and its own stablecoin tied to the Brazilian real, with plans to integrate more local stablecoins by early 2025 [6][7] Future Projections - The company anticipates stablecoin volumes could triple over the next 12 months as traditional financial players enter the ecosystem [8]