---
title: "Visa to Launch First Stablecoin-Linked Flex Credential With NBX"
description: "The payments giant plans to issue its first stablecoin-tied Visa Flex card in Europe through Norwegian Block Exchange after reporting $46 billion in fiscal 2026 net revenue."
url: https://basisdesk.news/news/visa-stablecoin-flex-credential-norwegian-block-exchange
published: 2026-11-10T19:51:33.582Z
modified: 2026-11-10T19:51:33.582Z
section: Stablecoins & Payments
author: Basis Desk Newsroom (AI-generated, source-verified)
sentiment: neutral
tickers: [USDT, BTC]
tags: [visa, norwegian-block-exchange, stablecoins, payments, fintech]
license: Quote with attribution to Basis Desk (basisdesk.news). Not financial advice.
---

# Visa to Launch First Stablecoin-Linked Flex Credential With NBX

The payments giant plans to issue its first stablecoin-tied Visa Flex card in Europe through Norwegian Block Exchange after reporting $46 billion in fiscal 2026 net revenue.

## At a glance

- **What happened:** Visa announced it will soon launch its first stablecoin-linked Visa Flex credential in Europe with Norwegian Block Exchange.
- **Why it matters:** The initiative marks Visa's first integration of stablecoin funding into its expanding Flex card product line.
- **Who is affected:** Norwegian Block Exchange, European cardholders, and Visa.
- **What's next:** No next step announced.
- **Status:** announced
- **Primary source:** [Visa Q4 2026 Earnings Call Transcript](https://www.webull.com/news/15822495508279296) — webull.com

## Key points

- Visa announced plans to launch its first stablecoin-linked Visa Flex credential in Europe with Norwegian Block Exchange [1].
- Visa's Flex credentials tripled year over year, driven by existing partners and additions including Cash App and Chime [1].
- The payments network posted record fiscal 2026 net revenue of $46 billion, up 15% year over year [1].

## Editorial remark

- **Context:** Visa has steadily broadened digital asset integrations, combining blockchain-based payment options with its merchant acceptance base [1].
- **Impact:** Norwegian Block Exchange and European users will gain direct access to Visa Flex credential rails linked to stablecoin balances [1].
- **Watch:** Visa and NBX have not announced an official launch date for the European stablecoin-linked Flex credential [1].

Visa plans to launch the world's first stablecoin-linked Visa Flex credential in Europe alongside Norwegian Block Exchange [1]. Chief Executive Officer Ryan McInerney disclosed the initiative during the company's fiscal fourth-quarter and full-year 2026 earnings call on Nov. 10 [1].

McInerney stated that issuance of Visa's Flex credentials tripled over the prior year, bolstered by existing relationships and new partnerships with firms including Cash App and Chime [1]. The upcoming deployment with Norwegian Block Exchange, or NBX, will introduce the network's first Flex credential tied directly to stablecoins [1]. Management framed the rollout as part of Visa's broader investments across artificial intelligence, cybersecurity, and blockchain infrastructure [1]. At the time of writing, digital asset markets showed muted performance, with $USDT trading flat at $0.9989 and $BTC down 1.9% at $73,409.

## Payments Network Scale and Blockchain Integration

The stablecoin milestone follows a year of record earnings for the global network [1]. Visa posted fourth-quarter net revenue of $12.1 billion, representing a 13% gain year over year, while full-year net revenue reached a record $46 billion, rising 15% [1]. McInerney characterized the full-year net revenue expansion as the network's fastest in more than 15 years, excluding acquisitions and the post-pandemic recovery period [1]. Total processed transactions rose 9% to 281 billion across the fiscal year [1].

The payments provider has pursued multiple digital asset touchpoints alongside its traditional issuance, including initiatives like its [stablecoin platform for institutional minting and settlement](https://basisdesk.news/news/visa-launches-stablecoin-platform-institutional-beta). McInerney reported that Visa credentials totaled 5.2 billion across the globe in 2026, marking a 6% year-over-year rise [1]. Tokenized credentials now account for over 50% of all available credentials on the network, with tokenized transactions taking place in 200 countries and territories for the first time during 2026 [1].

Visa did not share a specific calendar date for the European launch of the NBX stablecoin card [1]. For fiscal 2027, the network projected low double-digit net revenue growth and low double-digit earnings per share growth while pledging continued capital outlays for payments scale and security infrastructure [1].

## Sources

1. [Visa Q4 2026 Earnings Call Transcript](https://www.webull.com/news/15822495508279296) — webull.com, 2026-11-10

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Basis Desk Newsroom · AI-generated, source-verified · https://basisdesk.news/about/how-we-use-ai