BVNK and Marqeta to Embed USD Stablecoins in Card Products

BVNK announced on September 9, 2026 that it is partnering with Marqeta, the modern card issuing platform provider, to deliver stablecoin-backed card capabilities to crypto-native and non-crypto companies. The integration gives Marqeta’s customers the ability to embed US dollar stablecoins into wallets, cards and everyday financial products, adding 24/7 settlement capabilities alongside traditional fiat options, according to BVNK’s announcement.

BVNK said stablecoins are moving beyond crypto-native applications and into the infrastructure powering global financial services, but that most enterprises still lack the technical expertise and compliance infrastructure to integrate stablecoin capabilities into their products. It said users can spend stablecoins anywhere Mastercard is accepted while receiving settlement benefits it described as speed, cost efficiency and 24/7 availability.

BVNK also cited its 2026 Stablecoin Utility Report, which found that 77% of surveyed crypto users would open a stablecoin wallet through their primary bank or fintech app if one were available. BVNK said that, until now, the option did not exist at scale.

“By collaborating with Mastercard and BVNK we’re enabling our customers to issue stablecoin-backed cards that work anywhere cards are accepted, without requiring merchants to change how they accept payments,” said Anthony Peculic, Chief Strategy Officer at Marqeta. He added that the partnership strengthens Marqeta’s position at the intersection of crypto and fiat payments and its ability to deliver flexible solutions to both crypto-native and non-crypto companies.

Chris Harmse, Co-Founder and Chief Business Officer at BVNK, said stablecoins are becoming “a durable, complementary layer in global money movement, particularly where speed and cost matter most.” He said developers should not need deep blockchain expertise to use stablecoins and described BVNK’s role as making that infrastructure invisible.

Marqeta Disclosed the Partnership in Its Second-Quarter Filing

Marqeta had already disclosed the collaboration in its second-quarter 2026 results, filed with the US Securities and Exchange Commission on August 4, 2026. In that release, Marqeta said it had partnered with zerohash and BVNK to enable stablecoin spending across global card networks. Through those partnerships, Marqeta said it would offer customers a comprehensive solution for launching multinational and stablecoin-backed card solutions that link directly to existing card rails, making it possible to use stablecoins for purchases anywhere a card is accepted without additional integrations or regulatory burdens.

In the same release, Marqeta reported Total Processing Volume of $120 billion for the quarter ended June 30, 2026, up 32% year over year, with Net Revenue of $176 million and Gross Profit of $122 million, both up 17%. GAAP net income was $8 million, compared with a net loss of $1 million in the prior-year quarter, and Adjusted EBITDA was $37 million, up 31%. Marqeta said its platform processed nearly $400 billion in annual payments volume in 2025 and that it is certified to operate in more than 40 countries.

BVNK said it powers stablecoin infrastructure across more than 130 countries with enterprise-grade compliance built in-house.

Mastercard Ownership and the Open USD Standard

BVNK said the partnership is strengthened by both companies’ relationships with Mastercard. Mastercard is one of Marqeta’s major network partners, and BVNK has been part of Mastercard since August 2026. According to BVNK, all three companies support Open USD, a global standard for stablecoins built to scale, and over time Marqeta’s customers will have a path to additional Mastercard capabilities through the same integration.

Mastercard (MA ) announced on March 17, 2026 that it had entered a definitive agreement to acquire BVNK for up to $1.8 billion, including $300 million in contingent payments. In that announcement, Mastercard said digital currency payment use cases reached at least $350 billion in volume in 2025, citing Boston Consulting Group research, and described BVNK, founded in 2021, as enabling payments on all major blockchain networks across more than 130 countries. Mastercard Chief Product Officer Jorn Lambert said the company expected most financial institutions and fintechs would in time provide digital currency services, whether with stablecoins or tokenized deposits. The transaction was subject to regulatory review and other customary closing conditions.

BVNK confirmed on August 3, 2026 that it had officially become part of Mastercard. BVNK said Mastercard brings card acceptance at hundreds of millions of locations and connectivity to more than 17 billion endpoints worldwide, while BVNK contributes the infrastructure to send, receive, store, spend and convert stablecoins and fiat currencies. BVNK told customers nothing would change for them that day, and said it was already working to bring broader Mastercard capabilities, including greater payment reach, card functionality and new ways to move funds globally. It said the combined business would let banks offer stablecoin payments, acquirers and payment service providers offer faster merchant settlement, crypto wallets and exchanges connect digital balances to everyday spending, and fintechs and platforms launch wallets, accounts, cards and cross-border payment products faster.