New Mastercard platform links fiat currencies with stablecoins

Mastercard launched Global Money Platform, combining its traditional currency infrastructure with BVNK's stablecoin capabilities to help banks, fintechs and enterprises manage money across markets through a single API.

Available through BVNK, the modular platform lets businesses embed multi-currency accounts, real-time conversions, stablecoin-linked cards and local bank payouts into their products under their own branding. Businesses can also use it for their own treasury, payments and settlement activities, adopting capabilities as needed and as they become available.

Early integrations

Nuvei and Marqeta will be among the first to integrate Global Money Platform, alongside Ontop, Bolt Group and Almond FinTech.

Mastercard described a manufacturing business receiving payments in multiple currencies and paying suppliers worldwide as one potential user. Rather than managing separate accounts, vendors and prefunded balances across markets, the business could use the platform to manage liquidity, convert currencies and handle receivables and payouts.

"The future of global commerce depends on money moving as freely as the businesses and consumers it services, across borders, currencies and increasingly, between traditional and digital forms of money," said Phil Fayer, chair and CEO at Nuvei. "Stablecoins are becoming an increasingly important part of that future, and our work with Mastercard and BVNK will help us bring these capabilities to more businesses, giving them greater choice and flexibility in how they manage and move money around the world."

Accounts, payouts and spending

At the platform's center is a global money account that holds traditional currencies and stablecoins side by side, with conversion between them. Fintechs and technology platforms can embed these accounts to let customers hold, convert and pay out earnings, with configurable rewards and other account features.

Integration with Mastercard Move, the company's money movement portfolio reaching more than 17 billion endpoints, enables users to draw on stablecoin balances to make local currency payments into recipients' bank accounts. Coverage is expected to expand to more than 40 currencies across more than 200 countries and territories in 2027.

Customers will also be able to spend stablecoin balances across Mastercard's global acceptance network, with card issuing available in more than 130 countries, the company stated. "With Global Money Platform, we're delivering on our promise to connect BVNK's technology with the scale and trust of Mastercard," said Chris Harmse, co-founder and chief business officer at BVNK. "Global Money Platform will become the single infrastructure layer not just for stablecoins, but for every form of money."

Planned capabilities

Mastercard said future capabilities include support for agentic commerce and additional regulated forms of money, including tokenized deposits.

"We believe the future of commerce will be built on interoperability across multiple forms of money," said Raj Dhamodharan, executive vice president for blockchain and digital assets at Mastercard.

"Global Money Platform brings together Mastercard's trust payment infrastructure and reach with BVNK's stablecoin's capabilities, giving businesses a single foundation to move value across traditional and digital ecosystems. This is an important step in bringing our multi-money strategy to life and enabling the next generation of programmable and agentic commerce," he added.

"We believe the future of commerce will be built on interoperability across multiple forms of money," said Raj Dhamodharan, executive vice president for blockchain and digital assets at Mastercard.

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