BVNK is one of the most established enterprise stablecoin infrastructure providers, covering 130-plus markets with wallets, custody, virtual accounts, and payment orchestration. In March 2026, Mastercard agreed to acquire BVNK for up to $1.8 billion, and the deal closed on August 3, 2026. For teams that need neutrality from card networks, or a different product shape, five alternatives cover the same B2B stablecoin surface from different angles: Eco, Bridge, Conduit, Merge, and Fireblocks.
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This article covers why finance teams re-evaluate after the Mastercard deal, what the alternatives actually do, and how to match them to the flow.
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Three reasons come up repeatedly. First, BVNK's minimum threshold is $500,000 per month in processed payments plus six months of trading history, per BVNK. That excludes early-stage platforms. Second, the Mastercard acquisition ties BVNK to a specific card-network stack, which matters if the buyer is Visa-facing, an interchange-adjacent fintech, or otherwise wants network neutrality. Third, some workloads (multi-chain orchestration, custody-first treasury, named EUR IBANs) have a better-shaped provider elsewhere.
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Eco is a stablecoin orchestration platform: one API accepts any major stablecoin on any major chain, quotes the destination amount before signing, and delivers with sub-minute finality across 15-plus chains. Where BVNK is a full-stack enterprise stablecoin provider that holds funds and issues virtual accounts, Eco is a routing layer that platforms embed to move stablecoins across chains without becoming a custodian.
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Best fit: platforms and marketplaces whose flow crosses multiple chains and multiple stablecoins, and who want guaranteed pricing they can pass through to their own customers. See how B2B infrastructure providers compare for the full ranking.
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Bridge was acquired by Stripe in 2024, and now runs a payouts API optimized for dollar-denominated B2B disbursements alongside Bridge USD, its own stablecoin. Sitting inside Stripe's compliance and treasury layer, Bridge is the natural choice when your stack is Stripe-first and you want stablecoin payouts without a second vendor.
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Conduit runs cross-border B2B stablecoin payouts with an FX-plus-payout-fee model and T+0 to T+1 settlement, focused on emerging-market corridors. It is the pick when your suppliers or payees sit in Africa, LATAM, or Southeast Asia and you want stablecoin funding at the top of the flow with local fiat at the bottom.
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Merge combines real named EUR, GBP, and USD IBANs with USDC and USDT settlement, licensed as an EMI under ACPR in France with VASP registration under AMF. That regulated wrapper matters when segregation regulation or bank-grade named accounts are the requirement, per Merge's own comparison.
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Fireblocks is a custody-first platform using MPC key management with SOC 2 controls, deep chain coverage, and a treasury and tokenization layer. It fits when the primary requirement is custody, policy enforcement, and audit rather than pure payment orchestration. It pairs well with a payment layer like Eco or Bridge sitting on top.
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The decision reduces to what part of the stack you own. If you own custody and need routing, Eco fits on top. If you need custody plus payments plus treasury under one roof, Fireblocks or a BVNK-shaped provider is the shortlist. If your workload is dollar payouts inside the Stripe stack, Bridge is the natural pick. If your buyer requires named IBANs, Merge stands out. If the corridor is emerging-market last-mile fiat, Conduit is the specialist.
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Post-Mastercard, the neutrality question matters. A card-network-adjacent buyer will get pushback embedding a Mastercard-owned stablecoin layer; a merchant selling to Mastercard's competitors will feel it faster. The alternatives above are all independent as of publication.
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