Visa Makes Landmark BVNK Investment In “Powerful Validation” Of Stablecoins’ Payments Future

Visa's investment in BVNK comes as the global payments industry is increasingly exploring ... More stablecoins as a key infrastructure technology.
Stablecoin infrastructure platform BVNK has announced that it has received investment from Visa Ventures, in a key vote of confidence for the future of stablecoins in the payments industry.
The first time Visa has directly invested in a stablecoin payments infrastructure player, it follows a variety of other stablecoin-related partnerships by Visa as it works to connect its ecosystem of around 4.8 billion cards, 150 million accepting merchants and 14,500 financial institutions with the crypto ecosystem.
“Our job here is to make sure that we are building to where consumers want to go, and BVNK is another example of where we believe the industry is headed,” says Rubail Birwadker, Visa’s Head of Growth Products and Partnerships.
Coming as the UK-headquartered BVNK is building out its presence in the US, the investment follows BVNK’s December 2024 Series B round, where it raised $50m from investors including lead Haun Ventures, as well as Coinbase Ventures, Avenir and Tiger Global. However, this latest deal not only brings credibility for the stablecoin player, but also helps it increase penetration with Visa’s enterprise partners.
“This is really powerful validation from the world's largest payment network that stablecoins are the next chapter of global payments,” says Chris Harmse, Co-Founder and Chief Business Officer, BVNK.