BVNK and Marqeta partner to power stablecoin card infrastructure

BVNK and Marqeta (NASDAQ: MQ), the modern card issuing platform provider, are partnering to deliver stablecoin-backed card capabilities to crypto-native and non-crypto companies. The integration gives Marqeta's customers the ability to embed USD stablecoins into wallets, cards and everyday financial products – unlocking 24/7 settlement capabilities alongside traditional fiat options.

Stablecoins are moving beyond crypto-native applications and into the infrastructure powering global financial services. Yet most enterprises still lack the technical expertise and compliance infrastructure to integrate stablecoin capabilities into their products. This partnership changes that.

According to BVNK’s 2026 Stablecoin Utility Report, 77% of surveyed crypto users would open a stablecoin wallet through their primary bank or fintech app if one were available. Until now, that option simply didn't 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. “This partnership further strengthens Marqeta’s leadership at the intersection of crypto and fiat payments, and our ability to deliver flexible solutions to both crypto-native and non-crypto companies.”

Marqeta processed nearly $400 billion in annual payments volume in 2025. BVNK powers stablecoin infrastructure across 130+ countries with enterprise-grade compliance built in-house. Together, we’re embedding stablecoins into the trusted financial infrastructure enterprises already rely on. Users get the benefits of stablecoin settlement such as speed, cost efficiency, 24/7 availability, while spending stablecoins anywhere Mastercard is accepted.

The partnership is strengthened by both companies' relationship with Mastercard. Mastercard is one of Marqeta's major network partners, while BVNK has been part of Mastercard since its acquisition in August 2026. All three companies support Open USD, a global standard for stablecoins built to scale. Over time, Marqeta's customers will have a path to additional Mastercard capabilities through the same integration.

“Stablecoins are becoming a durable, complementary layer in global money movement, particularly where speed and cost matter most” said Chris Harmse, Co-Founder and Chief Business Officer at BVNK. “Developers shouldn't need deep blockchain expertise to use stablecoins any more than they understand card networks today. Our role is to make that infrastructure invisible.”