Visa has partnered with stablecoin infrastructure provider BVNK to enable digital asset payments on Visa Direct, the company's $1.7 trillion real-time global payouts platform. This move targets markets with strong demand for faster, more efficient cross-border transactions.
Stablecoin Payments Partnership Details
The partnership, announced Wednesday, will allow BVNK to power several Visa Direct services, including stablecoin pre-funding and payouts. BVNK processes more than $30 billion in payments annually.
Visa, the second-largest card payment organization globally behind China's UnionPay, has conducted multiple stablecoin pilots related to Visa Direct throughout 2025.
Mark Nelsen, Visa's head of product, commercial, and money movement, stated that stablecoins represent "an exciting opportunity for global payments, with enormous potential to reduce friction and expand access to faster, more efficient payment options – including during weekends, holidays and when banks are closed."
The deal follows Visa Ventures' investment in BVNK in May 2025.
Jesse Hemson-Struthers, BVNK CEO, expressed that both companies "believe in the transformational potential of stablecoin technology, not just as a payment method, but as a powerful layer of payments infrastructure."
A broader global expansion is planned following the initial rollout. Visa has not confirmed which specific markets will be included, stating that decisions will be based on "customer needs."
Significance of Stablecoin Volume
Stablecoin adoption has accelerated over the past year, coinciding with advancements in related legislation in multiple countries. This includes President Donald Trump's signing of the GENIUS Act in the United States.
Total stablecoin transaction volume rose significantly, increasing by 72% to $33 trillion in 2025.
Tether's USDT remains the largest fiat-tied cryptocurrency by market cap, with a valuation more than double that of Circle's USDC.
Despite USDT's larger size, USDC dominated transaction volume in 2025, accounting for $18.3 trillion compared to USDT's $13.3 trillion. Together, these two tokens represented the vast majority of total stablecoin volume last year.