Visa looking for new stablecoin settlement partner after BVNK sale to Mastercard
12 Articles
12 Articles
Visa is reportedly seeking a stablecoin settlement partner licensed in four markets after Mastercard completed its BVNK acquisition.
Visa’s stablecoin search isn’t about replacing BVNK, sources say
Recent claims that Visa is searching for a replacement settlement partner have conflated two separate parts of its payment architecture. Reports suggested that Mastercard’s $1.8bn acquisition of BVNK in March 2026 had prompted Visa to look for a replacement settlement partner. According to CoinDesk, a Request for Information (RFI) document shows the payments giant exploring settlement and over-the-counter (OTC) partners with exchange licences in…
Visa Stablecoin Partner Search: Who Can Clear All Four Markets More Stories ETHNews
Visa is hunting a stablecoin settlement and OTC partner after losing BVNK to Mastercard. The mandate requires exchange licences in four jurisdictions simultaneously. Coinbase is the only large firm that holds all four natively today. Circle, Paxos and Kraken each fail on at least one market. Visa has issued a request for product seeking a firm that can swap and settle multiple stablecoins, and the document reviewed by CoinDesk carries one condit…
Visa Seeks New Stablecoin Settlement Partner After Mastercard Acquires BVNK
Visa has begun looking for a new stablecoin settlement and over-the-counter partner after Mastercard completed its acquisition of BVNK earlier this month, a deal that removed Visa's existing infrastructure provider from the market and handed it to a direct competitor.According to a request for product (RFP) seen by CoinDesk, Visa is seeking a firm capable of swapping and settling multiple stablecoins, including the newly introduced Open USD, whi…
Visa’s Search for a New Stablecoin Partner Reveals a Strategic Divide
Visa is currently shopping for a new stablecoin settlement and over-the-counter (OTC) partner. While the move appears to be a routine vendor swap, it functions as a strategic decoupling. According to CoinDesk, which reviewed the request for proposal (RFP) issued on August 18, 2026, the payment giant is looking to fill a void left by the departure of BVNK. PYMNTS corroborated the report the same day. The timing is not coincidental: Mastercard com…
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