Visa has invested in BVNK, a global stablecoin infrastructure platform, as part of its broader strategy to expand its involvement in next-generation payment technologies.
The investment follows BVNK’s $50 million Series B funding round completed in December 2024, which included Haun Ventures, Coinbase Ventures, Scribble Ventures, DRW Venture Capital, Avenir, and Tiger Global.
“Stablecoins are fast becoming a part of global payment flows”
Rubail Birwadker, Head of Growth Products and Partnerships at Visa, commented, “We’re proud to support BVNK as they help accelerate global adoption of stablecoin payments. Stablecoins are fast becoming a part of global payment flows, and Visa invests in new technologies and builders like BVNK, staying at the forefront of what’s next in commerce to better serve our clients and partners.”
Visa’s investment reflects the growing use of stablecoins in digital commerce. According to Visa Onchain Analytics, stablecoins accounted for $27 trillion in global transaction volume across 1.25 billion transactions in 2024. BVNK currently processes more than $12 billion annually for clients such as Ferrari and Rapyd, offering tools for businesses to send, receive, convert, and store both stablecoins and fiat currency.
“Once-in-a-generation shift to a new foundational payment technology”
Jesse Hemson Struthers, Co-Founder and CEO of BVNK, said, “We’re experiencing a once-in-a-generation shift to a new foundational payment technology, powered by stablecoins. At BVNK, we’re building the infrastructure to make these new rails accessible to businesses, empowering them to operate at the speed of today’s economy. We’re thrilled to welcome Visa – the original payments innovator – as an investor, and a partner in our mission to upgrade the global payment system.”
In 2025, BVNK began expanding into the United States, establishing offices in San Francisco and New York. The U.S. operations are led by Amit Cheela, formerly of BlockFi, and Keith Vander Leest, formerly of Cross River. The company aims to further integrate stablecoin rails into mainstream payment operations as institutional demand grows.
Visa’s investment positions the company to benefit from infrastructure developments supporting stablecoin usage while supporting enterprise adoption of faster, programmable, and borderless payment systems.
BVNK Integrated FDUSD
BVNK recently partnered with First Digital to integrate First Digital USD (FDUSD), a USD-backed stablecoin, into its payment infrastructure. FDUSD, fully backed by cash and cash equivalents held in segregated holding structures, offers deep liquidity and velocity for businesses seeking secure and efficient digital payment solutions.
FDUSD has quickly gained traction, achieving a market cap exceeding $1 billion. The collaboration with BVNK marks a significant milestone in expanding FDUSD’s use cases, enabling businesses to capitalize on the rising demand for fast and cost-effective digital payment options.
BVNK will integrate FDUSD into its multi-token, multi-blockchain platform, offering businesses access to scalable solutions for payments, trading, and settlements. This integration aims to enhance speed, reliability, and cost-efficiency, unlocking new opportunities for institutional and professional investors to explore stablecoin use cases.
The FDUSD stablecoin is fully regulated and safeguarded by a top-tier custodian with a trust license, ensuring asset protection and regulatory compliance. Monthly independent attestation reports verify the reserves, providing transparency and trust for users.
By incorporating FDUSD, BVNK strengthens its position as a leading provider of stablecoin payment infrastructure. This partnership underscores BVNK’s commitment to enabling businesses to leverage the benefits of stablecoins for global financial operations while addressing key challenges in cross-border payments and liquidity management. The collaboration is expected to drive significant growth and innovation in the stablecoin ecosystem.