Mastercard Adds BVNK Route for Open USD Stablecoin Access

Mastercard will provide financial institutions, distributors and businesses access to Open USD (OUSD) through BVNK, allowing them to exchange and settle the stablecoin alongside fiat currencies and other stablecoins using existing infrastructure.

Mastercard acquired BVNK earlier this year. BVNK lets users hold, transfer and convert funds in traditional and digital currencies.

OUSD launched as Stripe’s default stablecoin for businesses, with Mastercard’s BVNK route among its initial distribution channels. The stablecoin is also available through Stripe and Visa platforms.