Crypto payments firm enables real-time stablecoin spending with self-custody wallet and low fees
Crypto payments company Truther is set to roll out a non-custodial USDT Visa card in El Salvador on January 29, allowing users to spend stablecoins directly from their self-custody wallets. The card removes the need for preloading funds or relying on custodial services, marking a significant step in making crypto payments more practical for everyday use.
Real-Time Spending and Fee Structure
The card operates by deducting the USDT equivalent in real time at the point of purchase. For example, a 30-euro hotel bill is automatically converted from the wallet’s USDT balance during checkout. The card carries a 2% fee on currency conversions, and Brazilian users benefit from no IOF tax on transactions.
Truther’s founder, Rocelo Lopes, emphasized that this approach preserves full user control and avoids custodial exposure, differentiating it from traditional crypto cards that often require topping up or third-party wallets.
Integration and Market Expansion
The Visa partnership leverages Truther’s existing infrastructure, which processes around $40 million in daily volume connecting stablecoins to Brazil’s PIX system. The card will initially launch in El Salvador—where bitcoin is legal tender—before expanding to Argentina, Mexico, Colombia, and Russia.
Truther’s self-custody wallet supports BTC, USDT, and a Brazilian real-backed stablecoin on the Liquid network, with plans to integrate additional local stablecoins, including Tether Gold and an Argentine peso-pegged token, by early 2025. Users will be able to spend via QR codes or direct wallet transactions without gas fees.
By combining real-time settlement, low fees, and self-custody security, Truther aims to drive broader adoption of stablecoins in Latin America and beyond. Lopes predicts that as traditional banks integrate stablecoins, transaction volumes could triple over the next 12 months, further solidifying the utility of crypto in everyday financial activities.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.