Marqeta and BVNK Unveil Stablecoin-Backed Card Features for Mainstream Adoption
Marqeta and BVNK have partnered to enable stablecoin-backed card features for financial product providers. The integration links Marqeta's card issuing platform with BVNK's stablecoin payments infrastructure, allowing users to spend digital dollars through standard payment cards at merchants that accept Mastercard.
The move marks a shift towards mainstream consumer and business payment flows for stablecoins. Research by BVNK found that 77% of surveyed crypto holders would open a stablecoin wallet through their main bank or fintech app if one were available.
Marqeta processed nearly USD $400 billion in annual payments volume in 2025, while BVNK's platform handled more than USD $39 billion in annualised payment volume. The partnership reflects Mastercard's growing involvement in the area and could give Marqeta customers access to additional Mastercard services.
Anthony Peculic, Chief Strategy Officer at Marqeta, stated that stablecoins are becoming a durable, complementary layer in global money movement. He added that the cards would work within existing merchant systems and that the partnership strengthens Marqeta's leadership at the intersection of crypto and fiat payments.