SteadyDetected Sep 10

MVB Partners With Velocity for Visa Direct Stablecoin Settlement Pilot

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1.0 momentum

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8 stories across sources

What's happening

MVB Financial has partnered with Velocity to join a Visa Direct pilot that supports stablecoin-enabled funding and settlement for push-to-card payouts, according to a Sept. 9 press release. The pilot links MVB, a bank partner to fintechs, with Velocity, which offers a stablecoin-powered enterprise payments and treasury platform, to enable settlement for Visa Direct push-to-card transactions using stablecoins. The move sits alongside broader Visa efforts to combine its settlement data with onchain lending and make VisaNet more on-chain to help stablecoin-linked card programs manage funding and daily settlement needs.

Why it's trending

Stablecoin-linked card volumes are surging and issuers need new onchain settlement and working-capital solutions right now.

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If you run a fintech card program, MVB + Velocity joining Visa Direct means a new option to settle push-to-card payouts with stablecoins today, and to avoid bridging timing gaps between card settlement and customer receipts.

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Marqeta Turns to BVNK for Stablecoin-Backed Card Capabilities
Card issuing platform provider Marqeta has launched a partnership with stablecoin infrastructure company BVNK. This collaboration is designed to provide stablecoin-backed card capabilities to crypto-native and non-crypto companies, the companies announced Wednesday (Sept. 9). “The integration will enable Marqeta’s customers to embed stablecoin capabilities into wallets, cards and everyday financia
PYMNTS · Sep 9
Visa Taps Onchain Lending to Help Fund Stablecoin Cards
Visa wants to make it easier for stablecoin card providers to secure funding through onchain lending. With the card provider’s authorisation, the payments group will make its settlement data available alongside onchain transaction records to help lenders assess financing opportunities. Stablecoin card providers need funding to meet daily settlement obligations before collecting money from cardhold
Fintech News Singapore · Sep 9

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