Visa is seeking a new stablecoin settlement partner to replace BVNK, which was acquired by Mastercard

Comparatively, according to CoinDesk, Visa is looking for new stablecoin settlement and OTC trading partners to replace BVNK, which was previously acquired by Mastercard. According to the relevant product request documents, Visa hopes that the partner has cryptocurrency exchange licenses in the US, Canada, the United Kingdom and Singapore, and can support various stablecoin exchange and settlement services, including processing the settlement of the Open USD stablecoin project promoted by Stripe, Visa, and Mastercard.

Previously, Visa had launched the Visa stablecoin platform to provide banks, fintech companies, and payment service providers with stablecoin access, storage, redemption, and transfer tools, with initial support for OUSD.

This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)