BVNK

Visa is looking for a new stablecoin settlement partner following the sale of BVNK to Mastercard.

Stablecoin firm BVNK is moving toward a significant acquisition deal valued at $1.8 billion with Mastercard. This transaction marks a major development in the financial technology sector.

Mastercard has completed the acquisition of BVNK to enhance its stablecoin payments infrastructure. The company aims to use BVNK's expertise to help enterprises scale stablecoin and tokenized asset use cases.

Mastercard completed a $1.8 billion acquisition of BVNK to advance its stablecoin initiatives. The partnership aims to enable banks, fintechs, and enterprises to expand stablecoin-related services including payments, payouts, and treasury operations.

LemFi and BVNK are partnering to route cross-border remittances in Kenya through BVNK’s regulated stablecoin infrastructure, reducing transfer costs to 2–3 percent from traditional 6.5 percent. The collaboration operationalizes a strategy involving Tether to bypass correspondent banking networks.

Mastercard has obtained a BitLicense from New York's financial regulator, enabling it to expand into digital asset activities like stablecoin infrastructure and blockchain payments. The approval follows its $1.8 billion acquisition of stablecoin firm BVNK and aligns with its strategy to integrate crypto into mainstream finance.

Corpay has partnered with BVNK to integrate stablecoin wallets for its 800,000 corporate clients. This partnership aims to provide a new payment solution. The integration will enable Corpay's clients to utilize stablecoin wallets.

Corpay has partnered with BVNK to integrate stablecoin wallets into corporate payments, enabling a new payment method. This collaboration aims to enhance the efficiency and security of transactions. The integration is expected to benefit corporate clients by providing an alternative payment solution.

Corpay has partnered with BVNK to add stablecoin wallets and 24/7 settlement across its global payments network, which serves 800,000 clients worldwide. This partnership aims to enhance Corpay's payment capabilities. The addition of stablecoin wallets is expected to facilitate smoother transactions for global customers.