Visa Partners with BVNK for Stablecoin Payments

Strategic Partnership for Cross-Border Payments

Visa has chosen BVNK to develop new pilot programs for Visa Direct using stablecoins, allowing customers to pre-fund cross-border payments in stablecoins and deliver digital U.S. dollars directly to recipient wallets in selected markets. The partnership, announced on Wednesday, expands Visa's previous experiments with stablecoins, including on-chain settlement tests with USDC on networks such as Ethereum and Solana.

This decision follows a strategic investment in BVNK in May 2025 through Visa Ventures, as card schemes aim to incorporate tokenized dollars into their payment systems. Visa executives emphasized that this move is part of efforts to modernize money flows with new methodologies that operate outside traditional banking hours, describing stablecoins as "an exciting opportunity for global payments."

A spokesperson for BVNK stated that the relationship with Visa is excellent, although the initiative was a "competitive bidding process," demonstrating that BVNK is "best in class."

Payments in stablecoins are restricted to compliant wallets and counterparties, designed to align with evolving regulatory frameworks, such as the European Union's Regulation on Cryptocurrency Markets.