Marqeta and BVNK have partnered to offer stablecoin-backed card capabilities to both crypto-native and non-crypto companies. The integration allows Marqeta's customers to embed stablecoin functionality into wallets, cards, and other daily financial products.
BVNK provides the infrastructure for moving and managing stablecoins and traditional fiat currencies. Marqeta manages the card issuance, acceptance, and relationships with banks and payment networks.
The partnership is strategically significant because it connects Marqeta with two parts of the Mastercard network. Mastercard, which acquired BVNK earlier this year, is one of Marqeta's primary network partners.
The companies stated that this integration will eventually provide Marqeta's customers with a path to other Mastercard capabilities without requiring separate builds. All three companies—Mastercard, Marqeta, and BVNK—support the Open USD stablecoin standard to create a shared foundation for digital dollar payments across networks.