Mastercard’s BVNK adds Stellar to stablecoin payments platform

Mastercard-owned BVNK has integrated Stellar into its stablecoin payments infrastructure, allowing businesses to move stablecoins over the network through a single API. “By integrating Stellar’s established payment network, we are giving our customers another efficient, low-cost route to move money globally through a single platform and API. Businesses can choose the networks and assets that best fit their needs, without having to build and maintain the infrastructure to connect to each one themselves,” Kim Mescal Julien, Head of Partnerships at BVNK, said in a statement. Mastercard completed its purchase of BVNK last month, after announcing a deal worth up to $1.8 billion. Its stablecoin infrastructure has been integrated into Mastercard’s payments business to bridge fiat payment rails and onchain assets, supporting applications such as cross-border B2B payments, payouts, settlement and treasury management. The integration adds another blockchain rail for high-volume cross-border payments, merchant payouts and treasury disbursements. Julien said global payments are moving toward a multi-chain, multi-asset model, while businesses should not need to manage the technical burden of co...