Original sourcePYMNTSAdditional: Digital Transactions
Summary
Bakkt has partnered with Thredd to launch a stablecoin-settled card-as-a-service program in the US. Thredd provides card processing, credit infrastructure, tokenization, digital wallet integration, fraud and risk management, and loyalty features. The goal is to integrate processing, lending, and di…
Key points
- Those watching the intersection of credit card economics and stablecoins can see concrete timelines and prerequisites for settlement layer innovation.
- If card transactions can settle in stablecoins, it will directly touch the core cost structure of credit card processing.
- Issuers and processors need to assess the impact of tokenization and stablecoin settlement on existing credit economics, and watch regulatory and network rule approval milestones.
Editorial note
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