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BVNK and Marqeta collaborate to build stable currency and card infrastructure

2026-09-11 00:42:44
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BVNK and Marqeta have reached a cooperation to promote the implementation of stablecoin payment infrastructure

On September 9, stablecoin payment infrastructure provider BVNK and card issuing platform Marqeta (NASDAQ: MQ) announced a partnership to provide card services based on stablecoin support to crypto-native enterprises and traditional non-crypto enterprises. The integration will allow Marqeta customers to embed stablecoin functionality into wallets, cards and daily financial products, allowing users to use standard payment cards to conduct digital dollar-denominated transactions at millions of merchants.

Cooperative Operation Mechanism

In this cooperation, Marqeta is responsible for managing card issuance, acceptance and relationships with banks and payment networks, while BVNK provides its customers with infrastructure to support them to move and manage stablecoins outside of traditional fiat currencies. Data shows that the annual payments processed by Marqeta in 2025 will be close to US$400 billion, while the annualized payments supported by BVNK will exceed US$39 billion.

According to announcements from both companies, Marqeta chose BVNK's regulated platform to speed up delivery while meeting the expectations of its corporate customers for compliance and operating standards. BVNK said it provides stablecoin financial stack support to companies including Corpay, Worldpay, Deel and Flywire, with operations covering more than 130 countries around the world; while Marqeta has been certified to operate in more than 40 countries.

Deepening access to the Mastercard network

The partnership also further connects Marqeta to Mastercard's network. Mastercard is one of Marqeta's main network partners, and since Mastercard acquired the business in August 2026, BVNK's stablecoin infrastructure has become part of the Mastercard system.

MasterCard, Marqeta and BVNK are all supporters of "Open USD". This is a company committed to building a scalable global stablecoin standard that spans different networks, providers and usage scenarios. The three companies said that as the cooperation deepens, Marqeta's customers will gain additional Mastercard capabilities through the same integrated interface without the need for separate architectural development.

stablecoins move towards mainstream payments

BVNK cited its own research and pointed out that if relevant channels are available, 77% of surveyed cryptocurrency holders will open stablecoin wallets through their major banks or fintech applications. Anthony Peculic, chief strategy officer at Marqeta, said: "Stabiloins are becoming a lasting and complementary tier of global capital flows." Chris Harmse, co-founder and chief commercial officer of BVNK, said that stablecoins are "becoming part of the core payment infrastructure."

The two companies pointed out that this alliance marks that stablecoins are moving beyond crypto-native application scenarios and entering the infrastructure level that supports global financial services. The deal follows other similar initiatives to connect stablecoins to card channels, such as Visa's ongoing work to connect on-chain lending with stablecoin card financing.

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