BVNK, a UK stablecoin infrastructure firm processing $12 billion, has secured investment from Visa and is opening offices in San Francisco and New York. The tie-up lets banks, fintechs and merchants settle domestic and cross-border transactions in stablecoins over Visa’s network.
Stablecoins settled $27.6 trillion on-chain in Q1 2025—more than double Visa’s annual volume—with Ethereum cementing its role as the leading infrastructure for global digital payments despite ongoing price volatility.
Mastercard is building a blockchain-enabled payment network, working with major banks to test tokenized assets and cross-border use cases. The effort reflects a measured shift as traditional finance experiments with digital infrastructure without abandoning regulatory or institutional safeguards.
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