BVNK Launches Platform Linking Stablecoins to Mastercard Rails

BVNK has launched the Global Money Platform, linking stablecoins with Mastercard's payment rails. Mastercard sees stablecoins as potentially useful in business and cross-border transactions.

Mastercard completed its acquisition of BVNK earlier this year. BVNK’s existing services let customers hold and transfer value in fiat and digital currencies and convert between them.

Mastercard sees possible stablecoin uses in cross-border corporate payments, remittances, payouts, settlement and treasury operations.