BVNK Launches Unified Fiat and Stablecoin Embedded Wallet
BVNK, the stablecoin payments infrastructure provider, has launched what it describes as the first embedded wallet that unifies global fiat and stablecoin payments.
The new solution combines fiat, crypto and stablecoin payments in a single platform, offering direct access to a range of blockchains and payment schemes.
The wallet connects to traditional banking networks including Swift, ACH, Fedwire, SEPA and Faster Payments Service (FPS), alongside blockchain networks such as Solana, Tron, Polygon, Ethereum, BNB Smartchain, Bitcoin and Cardano.
Integration via API enables seamless implementation
Financial technology companies, cryptocurrency applications, payment service providers (PSPs), marketplaces and payroll platforms can integrate the multicurrency wallet into their systems via application programming interface (API).
This allows their customers to store, spend and receive payments in stablecoins—cryptocurrencies designed to maintain stable value by pegging to traditional currencies—as well as USD, GBP and EUR.
Users can exchange between these balances automatically or on-demand, with service available 24 hours a day, seven days a week. BVNK manages digital asset custody, fund flows and know your business/customer (KYB/C) compliance requirements—the regulatory processes that verify the identity of clients and assess potential risks.
The platform includes auto-conversion features that enable businesses to avoid holding cryptocurrency on their balance sheets.
Stablecoins can be automatically converted to fiat currency when received, or fiat funds can be converted to stablecoins when making payments.
“Stablecoins are redefining how we transfer value around the world, enabling 24/7/365, accelerated global payments,” says Simon Griffin, Chief Product Officer at BVNK.
“But they're not perfect for every use case – and moving money between traditional currencies and stablecoins is still challenging.
“With our embedded wallet, we're making stablecoin, crypto and fiat payment rails interoperable, to give our customers true payments flexibility.”
Market growth signals increasing demand
Stablecoins have emerged in recent years as an alternative payment rail for businesses, functioning alongside the traditional correspondent banking system.
According to BVNK, stablecoin transactions globally reached US$32tn in 2024, with payment use cases estimated to account for US$5.62tn of that total.
While stablecoins aim to maintain stable value through linkage to assets such as USD, they come with specific risks that potential users should understand.
“With our embedded wallet, we're making stablecoin, crypto and fiat payment rails interoperable, to give our customers true payments flexibility"
These include counterparty failure, redemption issues, changes in backing asset value, and foreign exchange exposure.
BVNK notes that while embedded wallets for fiat and cryptocurrency exist in the market, their solution differs by offering broader access to fiat accounts and payment systems, including Swift.
The company states that many existing solutions do not allow users to hold or exchange balances, or manage third-party payments.
The company processes over US$12bn annually and aims to accelerate global money movement by enabling businesses to send, receive, convert and store stablecoins and fiat currency through its platform.
“With our embedded wallet, we're making stablecoin, crypto and fiat payment rails interoperable, to give our customers true payments flexibility,” Simon says.
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