BVNK and Marqeta (NASDAQ: MQ) have joined forces to give companies a simpler way to turn stablecoins into everyday spending tools. The two firms announced a partnership that will let Marqeta clients add digital-dollar functionality to cards, wallets, and other financial products used by both crypto-focused businesses and traditional companies.
Users will be able to spend stablecoins at the vast merchant network that already accepts standard payment cards, without merchants having to change how they take payments.
Marqeta, a modern card-issuing platform that handled nearly $400 billion in payment volume in 2025, will continue to manage issuance, merchant acceptance, and relationships with banks and card networks.
BVNK, now part of Mastercard after an acquisition completed in August 2026, will supply the underlying rails that move and manage stablecoins alongside conventional currencies.
BVNK currently supports more than $39 billion in annualized payment volume and helps enterprises send digital dollars across more than 130 countries.
The collaboration is notable because it links Marqeta to two pieces of Mastercard’s existing ecosystem.
Mastercard is already one of Marqeta’s primary network partners. At the same time, BVNK’s stablecoin platform now sits inside Mastercard.
Over time, that overlap should let Marqeta customers tap additional Mastercard services through a single integration rather than building separate connections.
All three organizations also back Open USD, an industry effort to create a shared, transparent standard for dollar-backed stablecoins.
Supporters argue that a common framework will make it easier for different networks and providers to work together and for businesses to scale digital-dollar payments.
Demand appears to be growing. BVNK research earlier this year found that 77 percent of crypto holders surveyed would open a stablecoin wallet through their main bank or fintech app if the option existed.
Pairing that infrastructure with a familiar card credential could accelerate adoption by letting people spend digital dollars wherever Mastercard is accepted.
Anthony Peculic, Marqeta’s chief strategy officer, described stablecoins as a lasting complementary layer in global money movement, especially where speed and cost matter.
He said the partnership allows customers to issue cards that work at existing merchant locations and strengthens Marqeta’s position at the meeting point of crypto and traditional payments.
Chris Harmse, BVNK co-founder and chief business officer, framed stablecoins as another building block that developers should be able to use without deep blockchain knowledge.
He said BVNK’s job is to make the infrastructure invisible, and that operating from inside Mastercard’s network alongside a long-time partner such as Marqeta is exactly the kind of connection the company aims to create.
The two firms plan to discuss the integration at Stablecon in Washington, D.C. The announcement is another signal that stablecoins are moving from niche crypto applications into the plumbing of mainstream financial services, sitting alongside cards and bank transfers as one more rail for moving value.
