Prepaid and Stablecoins: Turning Liabilities Into Assets

Prepaid cards have evolved from handwritten gift certificates to digital wallets, and now they face a new inflection point. This Impact Note explores how stablecoins and tokenized digital assets could transform prepaid cards from balance-sheet liabilities into asset-backed tools with new flexibility, efficiency, and protection. Learn what this shift could mean for retailers, consumers, and the future of prepaid programs.

Companies Mentioned: 

BitJem, Blockbuster, Bridge, BVNK, Coinbase, Costco, Cyclops, Fiserv, Fold, Mastercard, Neiman Marcus, Nium, PayPal, Stripe, Totus, Visa