ChainCatcher News reports that, according to Cointelegraph, Argentine cryptocurrency exchange Lemon has launched a Bitcoin-backed Visa credit card, allowing users to lock in Bitcoin as collateral to obtain peso credit lines without selling their crypto assets. Users only need to lock in 0.01 Bitcoin (approximately $960) as collateral to receive an initial credit limit of 1 million pesos. Lemon plans to expand this product in the future to enable users to adjust collateral and credit limits, and ultimately to settle USD-denominated purchases directly using stablecoins pegged to the US dollar such as USDC or USDT.

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