Mastercard (MA) introduced Thursday its Global Money Platform with BVNK, the stablecoin infrastructure firm it acquired in August. The service combines traditional currency accounts, stablecoin balances, conversions, card spending and bank payouts through one connection.
Banks and fintechs can use the platform to offer accounts that hold both fiat currencies and stablecoins, the firm said. Payments firms Nuvei and Marqeta are among the first customers integrating that service.
Stripe, meanwhile, is working with Plasma , a blockchain-based financial services firm, on cards that support balances in dollars, euros, Brazilian reais, Mexican pesos and Colombian pesos, alongside eligible stablecoins.
The companies said they plan to…
