Key Highlights
- BVNK will support Visa Direct’s stablecoin services in approved markets, with the rollout initially focusing on regions with strong demand for digital asset payments, with further expansion planned based on customer needs and regulatory approval.
- “Stablecoins are an exciting opportunity for global payments,” Mark Nelsen, Visa’s global head of product for commercial and money movement solutions, said in the press release, citing their ability to operate “during weekends, holidays, and when banks are closed.” Decrypt has reached out to Visa and BVNK for further comment.
- "Stablecoin payouts remove the biggest operational bottleneck in global payment, which is time," Jayanand Sagar, co-founder of Hyperbola Network, told Decrypt.
- "When value can move instantly, 24/7, the traditional advantage of banking systems shifts away from speed and efficiency toward compliance and trust." The real question, he said, “isn't whether stablecoins will disrupt banking, but whether local monetary infrastructure can adapt fast enough to adapt to new rails.” "Payment networks will influence which stablecoins gain distribution, but they won't dictate winners alone," Stable CEO Brian Mehler said in a statement shared with Decrypt.
- He argued that the determining factor will be "whether the underlying infrastructure can deliver predictable fees, deterministic settlement, and the operational reliability institutions need." Building on a strategic relationship The announcement marks the next phase of the strategic relationship between the two companies.
