BVNK and Marqeta Launch Stablecoin-Backed Cards That Spend Like Traditional Payments

The financial technology companies BVNK and Marqeta have partnered to create a new generation of payment card products that can spend digital dollars at millions of merchants globally.

The partnership will allow users to issue stablecoin-backed cards, which are tied to traditional Mastercard payments. This means customers can use these cards wherever Mastercard is accepted.

This move reflects the growing demand for stablecoins in mainstream financial products. According to BVNK research, 77% of surveyed crypto holders would open a stablecoin wallet through their primary bank or fintech app if one were available.