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      Mastercard and BVNK Launch Global Money Platform for Fiat and Stablecoins

      Mastercard and BVNK have introduced the Mastercard Global Money Platform on October 15, 2026, designed to streamline the management of both fiat currencies and stablecoins for banks, fintech companies, and enterprises. This platform allows businesses to hold, convert, send, receive, and spend both types of money through a single application programming interface (API), marking a significant expansion for Mastercard, traditionally focused on traditional currencies.

      The platform supports two stablecoins, USDC and OUSD, and offers features such as fiat and stablecoin accounts, card issuance, and payouts. Users can seamlessly move value between traditional currencies and digital assets without needing to switch platforms. Card issuance is available in over 130 countries, enabling companies to provide cards that function at regular checkouts while managing stablecoins in the background.

      This launch follows Mastercard's acquisition of BVNK, which was finalized on August 3, 2026, for a total value of up to $1.8 billion, including contingent payments. The Global Money Platform is the first major product to emerge from this acquisition, leveraging BVNK's technology and regulatory licenses, including authorization under the European Union's Markets in Crypto-Assets framework. Early integration partners for the platform include Nuvei, Marqeta, Ontop, Beem/Bolt Group, and Almond FinTech.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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