Mastercard-Owned BVNK Partners With Marqeta On Stablecoin Card Infrastructure.

BVNK, the stablecoin infrastructure firm whose acquisition by Mastercard closed on 3 August, has partnered with card-issuing platform Marqeta. The integration is designed to let Marqeta’s customers embed stablecoin capabilities into payment cards, wallets and other financial products, the companies said.

Cardholders would be able to spend stablecoin balances at what the companies said would be millions of card-accepting merchants worldwide, without those merchants needing to handle cryptocurrency themselves.

Marqeta, which trades on the Nasdaq as MQ, processed close to $400 billion in payments volume in 2025, according to the company. BVNK said its infrastructure supports more than $39 billion in annualised payment volume. Neither figure was independently audited in the companies’ announcement.

The release describes Mastercard as “one of Marqeta’s major network partners.” Mastercard completed its acquisition of BVNK on 3 August; the deal was first announced in March, when it was valued at up to $1.8 billion including up to $300 million in contingent payments, according to PYMNTS. Marqeta will continue to handle card issuance and bank relationships; BVNK provides the stablecoin infrastructure.

Anthony Peculic, chief strategy officer at Marqeta, said stablecoins were “becoming a durable, complementary layer in global money movement, particularly where speed and cost matter most.” Collaborating with Mastercard and BVNK, he said, would let Marqeta’s customers “issue stablecoin-backed cards that work anywhere cards are accepted, without requiring merchants to change how they accept payments.”

Chris Harmse, co-founder and chief business officer at BVNK, said stablecoins were “becoming part of the core payments infrastructure.” He added: “Developers shouldn’t need deep blockchain expertise to use them any more than they understand card networks today. Our role is to make that infrastructure invisible.”

Mastercard, Marqeta and BVNK all support Open USD, which the companies describe in the release as “a global standard for stablecoins” designed to work across networks and providers.

BVNK pointed to research suggesting demand beyond crypto-native users: 77% of surveyed crypto holders said they would open a stablecoin wallet through their primary bank or fintech app if one were available. A separate report on BVNK-commissioned research, covering 4,600 respondents across 15 countries, cited the same 77% figure alongside a finding that 54% of respondents had held stablecoins in the past year.

The companies said they would discuss the integration at Stablecon, a stablecoin industry conference in Washington DC. For now, it remains a capability offered to Marqeta’s existing bank and fintech clients rather than a consumer product already in market.