MVB Financial Joins Visa Direct Stablecoin Settlement Network via Partnership with Velocity
MVB Financial Corp. has partnered with enterprise payments platform Velocity to join the Visa Direct stablecoin settlement network, enabling MVB customers and its own operations to use stablecoins for funding and settling eligible push-to-card payouts. The integration allows digital-asset conversion and wallet connectivity through licensed partners via a single API, embedding stablecoin liquidity into existing banking workflows without requiring separate infrastructure changes. The partnership aligns with broader industry trends where financial institutions are integrating stablecoins directly into traditional payment systems rather than treating them as standalone products. This approach enhances flexibility in capital movement for MVB's clients and supports emerging initiatives from major card networks, including the settlement of Original Credit Transactions (OCTs) using stablecoins. MVB CEO Larry F. Mazza emphasized that this shift is central to modernizing banking operations by addressing inefficiencies with faster money transfers. Velocity’s Eric Queathem noted that embedding stablecoin capabilities into existing financial infrastructure makes them more accessible and practical for businesses.
Tickers: $MVBF
Topics: banking innovation fintech partnerships stablecoins Visa Direct