Crypto payments company **Truther** is launching a **non-custodial USDT Visa card** in El Salvador on **January 29, 2026**, via a partnership with Visa, positioned as an alternative to traditional crypto cards that require preloading balances or using custodial accounts. The card lets users spend **Tether (USDT)** directly from a **self-custody wallet**, drawing funds in real time at the moment of purchase and applying a **2% currency conversion fee**, while **Brazilian users are exempt from Brazil’s IOF financial transaction tax** when using the product.
The card runs on Truther’s infrastructure, which already connects stablecoins like USDT to Brazil’s **PIX** instant payment system and reportedly processes around **$40 million in daily volume**, and is initially implemented on the **Polygon** network with stated plans to migrate to **Blockstream’s Liquid Network** for enhanced privacy. After the El Salvador rollout, the Visa card is expected to become available to all Truther users globally, with the company planning to expand its broader payments and **Swapix API** services into **Argentina, Mexico, Colombia, and Russia**, leveraging local real-time payment rails in those markets and integrating additional **local stablecoins** into its wallet by early 2025–2026.
The choice of **El Salvador**, where bitcoin is legal tender, gives Truther a crypto-forward jurisdiction to test a model of **real-time stablecoin spending** that bypasses centralized custodians and prepaid card balances, potentially making it easier for travelers and cross-border users to pay directly in stablecoins while staying within a self-custody setup. For Brazilian users in particular, the combination of a non-custodial card, integration with PIX, and IOF-free international usage is designed to make USDT-based payments more cost-efficient and operationally similar to local instant payments, while the planned expansion into other countries reflects a broader push to link stablecoins with domestic payment systems and QR-based retail payments.
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