BVNK and Marqeta outlined a partnership on September 9 to connect stablecoin infrastructure with card issuing, enabling Marqeta customers to develop digital-dollar cards, wallets and related financial products.

BVNK is to handle stablecoins alongside conventional currencies, while Marqeta manages issuance and bank and network relationships. The proposal targets both crypto-focused businesses and companies outside that sector.

The partners intend customers to use existing card acceptance. Their announcement places BVNK within Mastercard following its August acquisition and describes possible additional Mastercard capabilities over time.

The relationship had already appeared in Marqeta’s second-quarter results on August 4. That disclosure named BVNK and zerohash as partners for stablecoin spending across card networks. The September release therefore provides dedicated detail about the BVNK integration rather than the first public evidence that the companies were working together.

Those August results also establish the scale of Marqeta’s existing processing business. It reported approximately $120 billion in total processing volume for the quarter ended June 30, up 32% from the same period a year earlier. Marqeta defines this measure as payments processed through its platform after returns and chargebacks. It is company-wide volume, not spending generated by the new stablecoin partnership.

Announcing infrastructure and launching a particular card programme remain separate milestones. The September release gives no programme-by-programme rollout schedule or country list. Individual customer deployments therefore remain to be established.