GAMESMachine Translated summary
Valve Discontinuing Physical Steam Gift Cards Worldwide to Combat Fraud
Valve has announced it will end sales of physical Steam gift cards globally, citing rampant scam activity as the primary reason for the decision. Stock will be sold through until supplies run out, after which no new physical cards will be produced or distributed. Digital Steam gift cards will remain available and are unaffected by the change.
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Valve have stopped producing physical Steam Gift Cards for retailers, meaning once the current stock runs out you won't see them anywhere out in the wild.
Rock Paper Shotgun2d

Valve Discontinuing Physical Steam Gift Cards Because of Scammers
Siliconera3d
Valve Is Killing Physical Steam Gift Cards In A Bid To Combat "Scammers":
Kotaku3d
What we know
- Valve is discontinuing physical Steam gift cards worldwide, with sales ending once existing inventory is depleted
- The decision was driven by widespread scam and fraud activity associated with physical gift cards
- Digital Steam gift cards will continue to be sold and are not impacted by the discontinuation
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