Visa Seeks New Stablecoin Settlement Partner After BVNK Moves to Mastercard

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Visa is searching for a new stablecoin settlement partner following the acquisition of BVNK by rival Mastercard. The payments giant has issued a request for proposal (RFP) to identify a suitable replacement for its stablecoin settlement needs. The RFP indicates that Visa requires a partner capable of supporting multiple stablecoins. The development highlights growing competition between major card networks in the stablecoin payments space.

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