BVNK, the global stablecoin infrastructure company, today announced it has exceeded USD $20bn in annualized processing volume, just four years after its launch in October 2021.
Founded by Jesse Hemson-Struthers, Chris Harmes and Donald Jackson, BVNK provides best-in-class stablecoin infrastructure for customers including Worldpay, Deel, Highnote, Rapyd, Bitso and dLocal. The company has attracted investment from Visa and Coinbase Ventures, and in December 2024 raised USD $50m in Series B funding led by Haun Ventures.
BVNK supports payments for more than 130 countries and attributes recent momentum to its expansion in the US, which accounts for one-third of global processing volume. Growth has accelerated following the passing of the GENIUS Act and BVNK’s addition of full 50-state coverage earlier this year.
CEO Jesse Hemson-Struthers said: “BVNK is making stablecoin-powered payments a reality. In just four years we’ve built infrastructure that lets businesses and their customers transact freely and securely across borders.
“Our rapid growth, particularly in the US, reflects both rising demand and our operational strength. Reaching $20bn in volume is a landmark moment that underscores the strength of our product, the dedication of our team, and the trust of our customers.”