Marqeta and BVNK partners to enable stablecoin adoption

By Divya Shah

Marqeta and BVNK have partnered to deliver stablecoin-backed card capabilities to crypto-native and non-crypto companies, enabling businesses to embed stablecoin functionality into wallets, payment cards and everyday financial products.

Through the integration, Marqeta’s customers will be able to offer stablecoin-powered payment experiences, allowing users to transact in digital dollars at millions of merchants globally using standard payment cards. 

The companies said the initiative supports the development of a more interoperable stablecoin ecosystem. Mastercard, Marqeta and BVNK are all supporters of Open USD, a global standard for stablecoins designed to be collaborative, transparent and scalable.  

The standard aims to create a common foundation for stablecoin payments across networks, providers and use cases, helping organisations adopt digital dollars more easily within payment operations. 

The partnership comes amid growing demand for stablecoin-enabled financial products. According to research conducted by BVNK, 77% of surveyed crypto holders said they would open a stablecoin wallet through their primary bank or FinTech app if such a service were available. 

For FinTechs and enterprises, the integration provides access to stablecoin infrastructure without the need to build and operate it independently. Combined with card credentials, users can spend stablecoin balances anywhere Mastercard is accepted. 

Anthony Peculic, Chief Strategy Officer at Marqeta, said, “By collaborating with Mastercard and BVNK we’re enabling our customers to issue stablecoin-backed cards that work anywhere cards are accepted, without requiring merchants to change how they accept payments.” 

Under the partnership, BVNK will provide the infrastructure that enables Marqeta customers to move and manage stablecoins alongside traditional fiat currencies through familiar financial products. Marqeta will oversee card issuance, acceptance, and relationships with banking and payment network partners. Marqeta selected BVNK’s regulated platform to accelerate deployment while maintaining the compliance and operational standards required by enterprise customers. 

“As more financial products become global by default, businesses need infrastructure that lets money move as quickly as information. Stablecoins are becoming part of the core payments infrastructure, and we are excited to help bring these capabilities to Marqeta’s customers,” said Chris Harmse, Co-Founder and Chief Business Officer at BVNK. 

The partnership reflects a growing FinTech trend of integrating stablecoins into mainstream payment products, enabling businesses to combine digital dollar capabilities with traditional card payment acceptance through a single infrastructure framework.