CMC News

Truther To Launch Non-Custodial USDT Visa Card in El Salvador

#Crypto payments company #Truther is planning to launch a Visa card in El Salvador on Jan. 29 that allows users to spend $USDT directly from self-custody wallets without preloading funds. The product draws from Truther's wallet at the moment of purchase, preserving user control over assets.

"You don't charge the card beforehand," founder Rocelo Lopes explained in a CoinDesk interview at #Blockchain Conference Brasil. "If you're at a hotel and the bill is 30 euros, it deducts the $USDT equivalent in real time."

The card carries a 2% fee on currency conversions. #Brazilian users will avoid the IOF tax on financial transactions, making cross-border spending more economical. After the El Salvador launch, the card will become available to all Truther users.

Truther's approach differs from traditional crypto cards, which typically require users to top up balances or rely on custodial accounts. The company's integration maintains full user control through a private wallet running on the Polygon blockchain.

Lopes stated plans to migrate the wallet to the Liquid network for increased privacy features. The self-custody infrastructure currently supports $BTC, $USDT, and Truther's own stablecoin pegged to the Brazilian real.

The #Visa partnership builds on existing infrastructure that already processes $40 million in daily volume. Truther connects stablecoins to Brazil's instant payment system PIX, enabling rapid crypto-to-fiat conversions for users.

El Salvador's status as the first country to adopt $BTC as legal tender makes it a strategic test market for broader Latin American expansion. Truther selected the jurisdiction to validate its model before rolling out across additional countries.