Key Takeaways:
Visa’s investment in BVNK indicates mainstream confidence in stablecoins as the next wave of global payments. BVNK’s U.S. expansion and $12B annual processing show the rapid business adoption of stablecoin rails. This partnership positions Visa at the competitive forefront among players, bridging traditional finance with scalable crypto payment infrastructure.BVNK, a leading stablecoin payment infrastructure provider, has secured a strategic investment from Visa through its Visa Ventures arm in an announcement on May 6.
The investment comes as BVNK, a UK-headquartered stablecoin infrastructure provider, expands its operations into the U.S. It serves as a new milestone for Visa as it continues to explore ways to bridge traditional finance with the growing crypto ecosystem.
BVNK Partners with Visa to Redefine Digital Payments and Expand Globally
According to the announcement, BVNK sees this partnership validating its vision to streamline global transactions with stablecoin payments, which is rapidly gaining momentum.
The company recognizes stablecoins’ potential as a foundational payment technology. In fact, according to Visa Onchain Analytics, the global stablecoin volume will reach $27 trillion across 1.25 billion transactions in 2025.
BVNK has built its infrastructure to facilitate scalable, automated stablecoin payments to provide businesses of all sizes with an efficient alternative to traditional banking systems.
Visa’s interest in BVNK is part of its broader strategy to integrate cryptocurrency solutions into its vast global network, which includes 4.8 billion cards, 150 million merchants, and 14,500 financial institutions.
This investment follows a successful $50 million Series B funding round in December 2024, led by Haun Ventures with participation from Coinbase Ventures, Scribble Ventures, DRW Venture Capital, Avenir, and Tiger Global.
Jesse Hemson Struthers, CEO and co-founder of BVNK, said, “Visa’s expertise in global payment networks, combined with our stablecoin infrastructure, offers powerful possibilities for redefining how businesses operate in today’s digital economy.”
BVNK has already made a name for itself by processing $12 billion in annualized volume, helping banks, fintechs, and enterprises facilitate seamless domestic and cross-border payments using stablecoins without requiring these companies to interact directly with blockchain technology.
The company is also opening new offices in San Francisco and New York as it is set to expand its presence in the U.S. market, driven by a team of industry veterans.
Visa and BVNK Lead the Charge in Stablecoin Payment Solutions
In addition to its stablecoin payment solutions, BVNK is ramping up efforts to offer its infrastructure to businesses.
For example, the company recently launched Layer1, a digital asset payments platform that Harmse describes as a “hyper-optimized, stablecoin core banking stack.”
This product provides a ready-to-use foundation for companies to build their stablecoin-based solutions. BVNK also recently unveiled embedded wallets that are pre-equipped with stablecoin functionality.
These developments align with Visa’s growing interest in supporting the broader stablecoin ecosystem, which continues to gain traction in global commerce.
Stablecoins saw substantial growth in 2024, with their transfer volume outpacing that of Visa and Mastercard combined.
Annual stablecoin transfers reached $27.6 trillion, an increase driven by the adoption of platforms like Solana and Base. Tether (USDT), which remains dominant, accounted for nearly 80% of the trading volume.
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