Marqeta and BVNK Partner to Bring Stablecoin Payments Mainstream

Marqeta and BVNK have partnered to enable stablecoin adoption in mainstream financial products. Through their 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 partnership supports the development of a more interoperable stablecoin ecosystem and aligns with Open USD, a global standard for stablecoins designed to be collaborative, transparent, and scalable. 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. Marqeta's customers will oversee card issuance, acceptance, and relationships with banking and payment network partners.