Mastercard and BVNK Launch Global Money Platform Linking Stablecoins to Fiat

Businesses can use the platform to embed multi-currency accounts, real-time currency conversion, stablecoin-linked payment cards, and local bank payouts into their own products, according to BitKE. The infrastructure can also be used to manage treasury operations, payments, and settlements, cutting the need to connect separate providers for different services.

Mastercard said its Move payment network, which reaches more than 17 billion endpoints, will let customers convert stablecoin balances into local currency and send funds directly to recipients' bank accounts. Coverage is expected to grow to more than 40 currencies across over 200 countries and territories in 2027. Customers will also be able to spend stablecoin balances through Mastercard-linked cards, with card issuance available in more than 130 countries.

Cointelegraph reported that Nuvei and Marqeta are among the first companies to adopt the platform. Decrypt added that support for agentic commerce is planned.

The International Monetary Fund says the tokenized equity market remains tiny and more volatile than traditional stocks, with most trading occurring outside U.S. market hours.