Visa Seeks Global Stablecoin Settlement Partner After Mastercard’s BVNK Deal

Visa has issued a request for product (RFP) seeking a stablecoin settlement partner with regulatory licenses across several major markets, capable of supporting and swapping multiple stablecoins while handling settlement services. The selected company would replace BVNK, the stablecoin payments firm Mastercard agreed to acquire earlier in 2026 for up to $1.8 billion. Visa's requirements also include settlement support for Open USD (OUSD), a recently introduced stablecoin initiative.