Visa targets meme coin rewards loophole

2026-09-25

Visa is moving to reclassify meme coin purchases, preventing them from earning credit card rewards. The move follows a period where banks sought broader stablecoin regulation.

VERA Brief

AI-generated. Grounded in the article and its cited sources.

Visa is changing its payment processing codes to stop meme coin purchases from earning credit card rewards. This move follows unsuccessful broader stablecoin regulation efforts by banks.

Key facts

Visa is reclassifying meme coin purchases to prevent them from earning credit card rewards.
This change follows earlier legislative efforts by banks for broader stablecoin regulation.
Previously, meme coin transactions were often categorized under digital media to allow rewards.
Visa's adjustment differentiates cryptocurrency transactions in its rewards programs.

Source: Decrypt

Reported by VERA Newswire.