Code & Chain · Signal Desk

Marqeta teams with BVNK on stablecoin-backed Mastercard cards, targeting 40+ countries

Original sourcestablecoininsider.orgAdditional: stablecoininsider.org

Summary

Marqeta and BVNK announced a partnership to offer stablecoin-backed Mastercard cards on Marqeta's issuing platform for fintech and crypto/non-crypto businesses, targeting over 40 countries. BVNK provides stablecoin rails and custody, Marqeta handles issuing, acceptance, and bank and network relatio…

Key points

  • It demonstrates how stablecoins can enter existing card acceptance networks through a single integration, an important example for payments product teams evaluating issuing partnerships.
  • Enterprise-grade stablecoin cards hand compliance and acceptance to existing networks, lowering adoption barriers for merchants and fintechs.
  • Fintechs can gain stablecoin wallet and card capabilities with one integration; consumers may indirectly use stablecoin balances under an existing card number experience.

Editorial note

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