Visa Seeks New Stablecoin Settlement Partner After BVNK’s Sale to Mastercard
- l that Visa seeks a new stablecoin settlement partner with operational licenses in the United States, the United Kingdom, Canada, and Singapore.
- Mastercard completed the acquisition of infrastructure firm BVNK on August 3, 2026, leaving the previous settlement role within Visa’s network vacant.
- The total market capitalization of the stablecoin sector stands around $300 billion as of August 18, 2026, according to data from CoinGecko.
Digital payments giant Visa seeks a new stablecoin settlement partner with multi-regional licenses after the sale of its former provider, BVNK, to its main competitor, Mastercard, was finalized, CoinDesk reported this Tuesday.
JUST IN: Visa $V seeks new crypto stablecoin partner to expand settlements globally.
- Watcher.Guru (@WatcherGuru) August 18, 2026
The departure of BVNK forced the company to launch a formal request for proposal (RFP) targeting custody firms, settlement providers, and over-the-counter (OTC) desks. Data from CoinDesk indicates that the new partner will be required to execute conversions between traditional fiat currencies and digital assets, in addition to processing operations for the Open USD (OUSD) project. This joint initiative, driven by Visa, Mastercard, and Stripe, aims to standardize interoperability across multiple dollar-pegged tokens.
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