BVNK and Visa Direct envisions the next-generation of global money movement lie in the hands of stablecoins, supporting payouts to digital wallets and fiat conversions.
BVNK will integrate its stablecoin payment infrastructure into Visa Direct to support its $1.7 trillion global money movement network.
The partnership, announced today (January 14) will see BVNK allow Visa Direct customers to fund their payouts in selected stablecoins, as well as installing a stablecoin payout option to enable users to convert their preferred fiat currency into stablecoins.
BVNK and Visa Direct focuses on stablecoin payment pre-funding, allowing businesses and users to convert fiat and digital currencies directly into their digital wallets.
“Visa and BVNK both believe in the transformational potential of stablecoin technology, not just as a payment method, but as a powerful layer of payments infrastructure,” said Jesse Hemson-Struthers, CEO of BVNK.
“This partnership is unlocking a new layer of payment innovation where stablecoins will be embedded directly into the world’s most trusted payments network. It will give businesses and end consumers more choice in how and when they receive and send their funds.”
“We believe we’re just at the start of transforming how money moves globally.”
These services will become available in select, yet unnamed markets. The rollout will initially focus on markets with strong demand for digital asset payments where Visa Direct is active. This will then be followed by broader global expansion based on customer needs.
The partnership will increase BVNK’s exposure to Visa Direct businesses having already processed over $30bn in stablecoin payments last year.
“Stablecoins are an exciting opportunity for global payments, with enormous potential to reduce friction and expand access to faster, more efficient payment options – including during weekends, holidays and when banks are closed,” said Mark Nelsen, Global Head of Product, Commercial and Money Movement solutions at Visa.
“BVNK shares this vision, and that’s why we’re partnering with them to provide the reliable, trusted and necessary infrastructure needed to expand our Visa Direct stablecoin pilots.”
BVNK goes from strength to strength
This is the latest step in Visa and BVNK’s relationship which began in May 2025 when Visa Ventures invested an undisclosed amount in BVNK to “upgrade global payments with stablecoin technology”.
Prior to Visa’s investment, BVNK raised $50m in Series B funding from investors such as Coinbase. The capital was used to scale its stablecoin infrastructure services and help the company’s expansion into the US.
Last year, BVNK became available in the US, securing partnerships with stablecoin issuer Paxos in August 2025 to offer regulated stablecoin payment services following the passing of the GENIUS Act.
BVNK’s growth became the interest of Coinbase and Mastercard, who were both interested in acquiring the company to scale its own stablecoin payment services. Coinbase was reportedly on the verge of completing a deal in the region of $2bn-2.5bn, but the deal fell through in November 2025.
Stablecoin demand continues to soar
In July 2025, McKinsey revealed stablecoin transactions had doubled between 2024-2025, representing a daily transaction value of $30bn. The research also found stablecoin payments made $27 trillion last year in annualised transaction volume, a record high.
Last year proved to be stablecoins’ breakthrough moment in the traditional finance space, as major players such as Visa and Mastercard rolled out stablecoin payment and payout services, the GENIUS Act was passed to introduce the US’ first stablecoin regulatory framework, and banks began exploring the possibilities using stablecoins for cross-border payments.
The continued demand for payments, both domestic and cross-border, to become more instantaneous can also be an attributor to the growth of stablecoin payments, while also offering cheaper remittance rates and greater transparency of settlement history.
