BVNK Opens Open USD Minting to Global Businesses
Mastercard-owned BVNK now lets eligible business customers outside the European Economic Area mint and redeem Open USD directly.
Updated on Nov. 8, 2026 in Openings & Closings
BVNK, which Mastercard owns, opened direct Open USD minting and redemption to eligible business customers outside the European Economic Area. Eligible customers can exchange dollar balances for Open USD and back at a 1:1 rate.
Why it matters
The change gives businesses outside Europe a direct route into a stablecoin that Stripe made its default for businesses on September 30. It also extends BVNK's role as an access point for Open USD beyond earlier plans.
Eligible customers can mint and redeem Open USD at a 1:1 rate across four networks: Ethereum, Solana, Base and Tempo. The service's eligible customer count and transaction volumes were not disclosed.
The players
BVNK
BVNK is a stablecoin infrastructure company owned by Mastercard that provides businesses with access to digital dollar payment rails.
Stripe
Stripe is a global payments company that processes online transactions for businesses and developed Open USD as its default business stablecoin.
The details
Eligible BVNK business customers outside the European Economic Area can now mint and redeem Open USD directly. Exchanges, over-the-counter trading firms and market makers also gained direct channels to mint and burn the token at a 1:1 rate. Open USD is also available through Stripe and Visa platforms.
Timeline
September 30: Open USD launched as Stripe's default stablecoin for businesses.
November 8, 2026: BVNK opened direct Open USD minting and redemption to eligible businesses.
Market Landscape
Open USD's September 30 launch as Stripe's default business stablecoin set the stage for this expansion. BVNK's direct minting access broadens how businesses outside Europe can obtain the token.
Eligible businesses outside the European Economic Area can now mint and redeem Open USD at a 1:1 rate without going through an intermediary. Businesses in Europe remain excluded from this direct access.
The takeaway
Businesses weighing stablecoin payments should check whether they are eligible for direct minting and which networks they plan to use. Access rules differ by region, so confirming eligibility with BVNK before planning is advisable.
Further reading
Explore more recent launches in the Openings & Closings section.
Source note: This article includes information reported by TokenPost.
