Visa Seeks New Stablecoin Partner Following Mastercard-BVNK Deal
Visa is reportedly seeking a new stablecoin settlement partner with multi-regional licensing capabilities, according to a CoinDesk report. This follows Mastercard's earlier acquisition of BVNK, the stablecoin company that had been Visa's partner.
Why it matters — A Mastercard watcher would note that Visa's search for a replacement partner follows Mastercard's acquisition of BVNK, potentially strengthening Mastercard's position in the stablecoin settlement space.