Mastercard & BVNK launch stablecoin money platform

Mastercard and BVNK have launched Mastercard Global Money Platform, a product that combines fiat and stablecoin functions through a single API.

The launch is the first major integration between the two businesses since Mastercard acquired BVNK in August 2026.

The platform is aimed at banks, fintechs and large companies that want to add multi-currency accounts, conversion tools, card issuing and payout services to their own products. It can also be used for treasury management, payments and settlement. Customers can choose only the modules they need rather than stitch together several providers.

At the centre of the offer is what the companies describe as a global money account. It is designed to hold fiat currencies and stablecoins in the same account, with conversion between the two available through a single integration.

The platform also includes Mastercard Move, the company's money transfer service, which reaches more than 17 billion endpoints. This allows users to make local-currency payments into bank accounts using stablecoin balances, with coverage expected to extend to more than 40 currencies across more than 200 countries and territories in 2027.

Customers will also be able to spend stablecoin balances across Mastercard's card-acceptance network, and the platform will offer card issuing in more than 130 countries. The service is available now through BVNK.

Several fintech groups are among the first customers planning to integrate the platform, including Nuvei, Marqeta, Ontop, Bolt Group and Almond FinTech.

The companies are targeting a problem businesses face when collecting and disbursing money across multiple markets. A manufacturer receiving payments in several currencies and paying overseas suppliers often has to manage multiple accounts, keep pre-funded balances in separate markets and rely on different vendors for collections, conversion and payouts.

The platform is intended to bring those functions together in one system, allowing businesses to manage liquidity and move more directly between fiat currencies and stablecoins. It covers sending, receiving, converting, storing, spending and earning, and is built as a modular system that can expand over time.

Early adopters

Nuvei, one of the first companies to adopt the platform, said stablecoins are becoming more relevant to cross-border commerce and business payments.

"The future of global commerce depends on money moving as freely as the businesses and consumers it serves, across borders, currencies and increasingly, between traditional and digital forms of money," said Phil Fayer, Chair and Chief Executive Officer of Nuvei. "Stablecoins are becoming an increasingly important part of that future, and our work with Mastercard and BVNK will help us bring these capabilities to more businesses, giving them greater choice and flexibility in how they manage and move money around the world."

The launch also gives a clearer indication of how Mastercard intends to use BVNK following the takeover. Rather than keeping stablecoin infrastructure separate from its core payment and money movement tools, Mastercard is integrating the two into a product that other financial firms can embed.

Chris Harmse of BVNK said the aim was to create a common layer for different forms of money.

"With Global Money Platform, we're delivering on our promise to connect BVNK's technology with the scale and trust of Mastercard," said Chris Harmse, Co-Founder and Chief Business Officer of BVNK. "Global Money Platform will become the single infrastructure layer not just for stablecoins, but for every form of money. It will mean that enterprise customers like Nuvei, Ontop Beem and Almond Fintech can build global
financial products at scale, without having to build the underlying infrastructure together themselves."

Broader strategy

The launch forms part of Mastercard's wider push to support digital asset-linked payment flows while keeping them connected to existing financial networks. Stablecoins have drawn growing attention from payment groups, banks and fintechs because they can move value on blockchain networks while being pegged to sovereign currencies.

Companies in the sector are trying to solve a practical problem for clients: how to receive money in one form, convert it when needed, and pay out in another without forcing customers to move between separate systems. Mastercard's answer is to package account infrastructure, currency conversion, payout rails, and card access into a single service for partners to distribute.

Raj Dhamodharan, Executive Vice President of Blockchain and Digital Assets at Mastercard, said the company sees interoperability between traditional and digital money as central to the next phase of commerce.

"We believe the future of commerce will be built on interoperability across multiple forms of money. Global Money Platform brings together Mastercard's trusted payment infrastructure and reach with BVNK's stablecoin capabilities, giving businesses a single foundation to move value across traditional and digital ecosystems. This is an important step in bringing our multi-money strategy to life and enabling the next
generation of programmable and agentic commerce."