Gate News update. On April 8, CZ (Changpeng Zhao) recalled in his new book that in July 2013, he first heard about Bitcoin during a poker game attended by investors and entrepreneurs. At the time, Cao Darong, general manager of G. Speed China, mentioned, "There’s a new thing called Bitcoin you can take a look at." After that, Li Qiyuan, CEO of Bitcoin China, further suggested that he allocate 10% of his assets to Bitcoin, when the Bitcoin price was $70. CZ revealed that while working in the sales of trading systems, he gradually became fond of playing Texas Hold’em, golf, and going to KTV.

Kulipa’s stablecoin card issuance infrastructure platform completed a $6.2 million seed round on April 2, led by Flourish Ventures and 1kx. Founder Axel Cateland said the financing was structured as a SAFE form; previously, it completed a $3.0 million funding round in 2024.

On April 1, Kulipa announced that it has completed a $6.2 million seed round. Flourish Ventures and 1kx led the investment, aiming to provide white-label stablecoin payment card services for fintech companies. The funding was structured as a Simple Agreement for Future Equity (SAFE); no further details have been disclosed yet.

KB Kookmin Card has partnered with Avalanche to launch a “hybrid stablecoin credit card,” blending traditional payments with blockchain technology. The system allows users to flexibly use stablecoins and credit limits, enhancing the payment experience and lowering the barrier to using digital assets. This move aligns with the push of South Korea’s local currency stablecoin strategy and the Digital Asset Act, reflecting a reassessment by traditional finance of blockchain infrastructure.

Gate News, March 31, Andrew Chapello, Product Manager at Ramp, a business spend management platform, announced that Ramp’s stablecoin account feature has officially entered the public testing phase. This feature allows users to hold stablecoins within the Ramp platform and earn balance rewards, while also enabling them to use USDC to pay global vendors and employees, repay Ramp card bills, and manage fiat and stablecoin assets under a unified approval and accounting system.

Mizuho points out that after Mastercard's acquisition of stablecoin infrastructure company BVNK, it is expected to become a "network connector" between crypto assets and fiat currency, accelerating the expansion of the payment ecosystem. Stablecoins will drive B2B cross-border payments and fund flows. Mizuho maintains its "outperform" rating with a price target of 666 dollars, believing this move will fill the gap where traditional bank card penetration is insufficient.

Stablecoin startup Payy has completed a $6 million seed round of funding. The company plans to enable privacy payments using zero-knowledge proofs, launch a self-custodial wallet and a Visa-supported payment card. In the future, Payy will expand its enterprise client base and promote the adoption of stablecoins.

BlockBeats News: On March 25, Japanese Bitcoin crypto treasury (DAT) company Metaplanet announced the launch of a shareholder-exclusive credit card "Metaplanet Card," which will begin service this summer. Cardholding shareholders will automatically receive 1.6% of their daily spending amount as equivalent Bitcoin cashback, converting every card payment directly into Bitcoin investment.

Gate News, on March 25, Japan-listed Bitcoin treasury company Metaplanet announced that it will launch an exclusive cashback payment card for shareholders this summer. Cardholders will receive 1.6% cashback in Bitcoin for each transaction.

Investment bank Mizuho lowered its price target for a certain cryptocurrency trading platform from $26 to $12, as weak trading performance offset growth in the credit card business. Analysts noted that weakness in crypto assets and decreased trading volume limited near-term revenue growth. Although card business expansion occurred, it was insufficient to offset the decline in trading business. The revenue structure has shifted, with service revenue expected to account for nearly half of total revenue.