Visa-backed stablecoin infrastructure startup BVNK, valued at around $625 million, is expanding its reach into Asian markets through a new partnership with Chinese cross border payments firm LianLian Global. The deal brings stablecoins to merchants across more than 100 countries, promising to cut transaction settlement times from several days to minutes.
The move reflects the growing appetite for digital currency payment rails, particularly where traditional banking networks struggle with delays or high costs. BVNK will handle the technical infrastructure and stablecoin to currency conversion, while LianLian Global leverages its existing merchant relationships and local payout capabilities across 130 currencies.
To illustrate how the system works, consider a Chinese company selling products on multiple international platforms such as Mercado Libre in Latin America, Amazon in the US and European marketplaces. When the company receives payments from these platforms, it can convert the funds to stablecoins. BVNK then automatically switches these stablecoins to US dollars, which LianLian Global converts to local currencies and distributes through its global payout network.
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