Unleashing the Future: Visa's Latest Venture into Stablecoin Domain
What's Happening?
Visa Ventures Wagers on Growing Demand for Stablecoins by Investing in BVNK
Financial giant Visa has set sail on another crypto adventure, declaring a strategic investment in the stablecoin infrastructure company BVNK. The investment has been made through Visa Ventures, Visa's venture capital arm [1][2].
BVNK, headquartered in London, has announced this investment, marking a significant milestone in its mission to create a seamless, round-the-clock, 365-day payments network for businesses employing blockchain technology [2]. Visa hasn't disclosed the investment's exact size, but it comes after BVNK successfully raised $50 million in its Series B round in December [2].
Last week, Visa teamed up with Bridge, a branch of payment services provider Stripe, to introduce a brand-new stablecoin service in Latin America [2].
What are Stablecoins and Why the Hype?
In the crypto world, stablecoins are digital tokens tethered to stable assets, usually fiat currencies like the US dollar. They've long been utilized by traders to transact without market volatility, but in recent years, they've also gained popularity in countries suffering from unstable currencies. Investors can acquire these stablecoins, available on numerous leading crypto networks such as Ethereum and Solana, and store them in digital wallets [2].
Two of the most renowned stablecoins by market cap are issued by private companies Tether and Circle, offering USDT and USDC, respectively. Circle recently filed for an initial public offering (IPO) [2].
Rubail Birwadker, Head of Growth Products and Partnerships at Visa, states, "Stablecoins are rapidly becoming a fundamental part of global payment flows, and Visa invests in cutting-edge technologies and pioneers like BVNK, maintaining our lead in commerce revolution to better serve our clients and partners" [2].
Neither Visa nor BVNK was immediately available for comment [2].
Visa's Crypto-Oriented Moves: Past and Future
Visa has hinted at various crypto-centric ventures and is considering helping merchants accept stablecoins on Solana's network [2]. Its competitor, Mastercard, is likewise advancing plans related to stablecoins, having recently announced a collaboration with payments processor Nuvei and crypto exchange OKX to enable customers to utilize digital tokens [2].
Visa's investment in BVNK is part of a broader plan to stay ahead of the curve in commerce innovation, particularly in stablecoins, which are progressively becoming an integral component in global payment flows [1][4][5]. Furthermore, Visa is working on a platform to aid banks in issuing stablecoins and tokenized assets, reflecting the company's dedication to harnessing blockchain technology to deliver faster and more cost-effective payment solutions, mirroring the rapid adoption of stablecoins globally [1][4][5].
Sources
- Invest in Crypto: Why Visa is Betting Big on BVNK
- Visa Invests in Stablecoin Infrastructure Firm BVNK
- US Stablecoins Surpass Visa’s Transaction Volume in Q1 2025
- Visa to Enable Banks to Issue Stablecoins
- BVNK Expands to US with New Offices in NY, SF
- Visa's strategic investment in BVNK, a stablecoin infrastructure company, was made through Visa Ventures, aiming to create a seamless, 24/7 payment network for businesses using blockchain technology.
- BVNK, headquartered in London, has declared that Visa's investment is a significant milestone in its mission, following a successful Series B round that raised $50 million in December.
- Last week, Visa partnered with Bridge, a Stripe payment service provider, to introduce a stablecoin service in Latin America.
- In the crypto world, stablecoins are digital tokens tied to stable assets, often fiat currencies like the US dollar, used by traders to transact without market volatility.
- Tether and Circle are two famous stablecoin issuers, offering USDT and USDC, respectively, and Circle recently filed for an initial public offering (IPO).
- Rubail Birwadker, Head of Growth Products and Partnerships at Visa, stated that stablecoins are becoming a essential part of global payment flows, and Visa invests in innovative technologies like BVNK to stay ahead in commerce revolution.
- Visa is also considering helping merchants accept stablecoins on Solana's network, mirroring Mastercard's collaboration with Nuvei and OKX to enable customers to use digital tokens.
- Visa's dedication to blockchain technology is reflected in its plans to develop a platform for banks to issue stablecoins and tokenized assets, aiming to deliver faster and more cost-effective payment solutions, similar to the global adoption of stablecoins.
