Visa is looking for a new stablecoin settlement partner, according to an RFP it issues, after Mastercard acquires BVNK. The request centers on finding a firm that can support stablecoin settlement needs as Visa reviews its existing or upcoming partnerships.
CoinDesk reports that Visa’s RFP outlines requirements for handling multiple stablecoins, including support for a range of assets. PYMNTS similarly describes the search as a response to the Mastercard–BVNK transaction, saying a replacement partner would be needed where BVNK previously played a role. PYMNTS also adds that Visa is looking for multi-regional licensing capabilities, implying operational and regulatory coverage across different jurisdictions.
Taken together, the outlets describe a process tied to the change in stablecoin infrastructure following Mastercard’s purchase of BVNK. While both sources reference the RFP and the BVNK sale’s impact, they differ slightly in emphasis—CoinDesk highlights broad stablecoin support, while PYMNTS emphasizes the multi-regional licensing aspect.
