Marqeta & BVNK Unveil Stablecoin-Backed Card Features for Mainstream Payments

Marqeta and BVNK have partnered to offer stablecoin-backed card features to card, wallet, and 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 partnership reflects the growing involvement of established payment networks in exploring how digital dollar products can sit alongside cards and bank transfers. Research conducted by BVNK earlier this year found that 77% of surveyed crypto holders would open a stablecoin wallet through their main bank or fintech app if one were available.

Under the arrangement, BVNK will provide the infrastructure for moving and managing stablecoins alongside fiat currencies, while Marqeta will handle card issuance, acceptance, and relationships with banks and payment networks.