Marqeta Inc（MQ）のニュースとイベントMQMarqeta Inc

Mastercard and BVNK Launch Global Money Platform

As bitcoin, ethereum and other cryptocurrencies see major legal, institutional, and technological developments, the financial landscape continues to adapt. Stay up on the crypto news that matters with the "Crypto Currents" weekly from The Fly. Also, join us for your essential daily recap, every day at 2 PM ET on FlyCast radio.MASTERCARD, BVNK LAUNCH MASTERCARD GLOBAL MONEY PLATFORM:Mastercardand BVNK announced Thursdaybringing together Mastercard's global payments capabilities with BVNK's stablecoin infrastructure through a single API. The launch marks the first major integration of Mastercard and BVNK capabilities since the acquisition of BVNK in August. Global Money Platform provides a full-stack, modular infrastructure layer for modern finance. Banks, fintechs and enterprises can now embed multi-currency accounts, including fiat and stablecoins, real-time conversion, stablecoin-linked cards and local bank payouts through Mastercard Move into their own products and under their own brand. They can also use the platform to manage their own treasury, payments and settlement activity directly.Raj Dhamodharan, EVP, Blockchain and Digital Assets at Mastercard, said, "We believe the future of commerce will be built on interoperability across multiple forms of money. Global Money Platform brings together Mastercard's trusted payment infrastructure and reach with BVNK's stablecoin capabilities, giving businesses a single foundation to move value across traditional and digital ecosystems. This is an important step in bringing our multi-money strategy to life and enabling the next generation of programmable and agentic commerce."VISA DIRECT LAUNCHES STABLECOIN-POWERED MONEY MOVEMENT:Visaannounced Thursdayas Visa Direct stablecoin capabilities advance from pilot stage to commercial deployment. In the initial rollout, Inyo Global, a Visa Direct processor, is the first enabler of this new offering, powering it for eligible Visa Direct clients and partners. Over the past year, Visa Direct has worked with clients and partners to explore how stablecoins can help improve the way businesses fund and move money across borders. As interest in faster, more flexible just-in-time funding solutions continues to grow, Visa is now seeing those efforts move beyond experimentation and into day-to-day business operations. As part of this next phase, Visa is working with Inyo Global to bring Visa Direct's stablecoin-enabled prefunding to market. Inyo has integrated the capability into its platform, giving the businesses it serves the option to prefund cross-border payouts through Visa Direct with USDC in near real time, rather than relying solely on traditional funding windows. Through a single connection, Inyo's platform lets businesses onboard users, manage fraud and compliance, accept payments and send domestic and international payouts across more than 180 countries, powered by Visa Direct."The next chapter for stablecoins is adoption," said Vira Platonova, Global Head of Visa Direct. "Over the last several years, we've worked with several partners and clients to explore how these technologies can improve money movement. We're now seeing those efforts translate into live implementations, helping businesses access more flexible and efficient ways to fund and move money globally through Visa Direct, starting with Inyo Global as our first enabler."CIRCLE TO REPORTEDLY ENTER 40 NEW MARKETS:Circleis enteringas blockchain adoption is set to scale significantly, Selena Li of Reuters reported Friday, citing comments made by CEO Jeremy Allaire. "We're kind of going through an inflection point...a transition right now, and that transition is essentially moving from the early adopter phase of blockchain technology into the mainstream scaling phase," Allaire told Reuters. Regions such as Southeast Asia, Latin America, Africa, and the Middle East have markers of rising organic demand for stablecoins and digital utility, Allaire added.TD Cowen noted that MasterCard's launch of the BVNK-integrated Global Money Platform and Visa Direct's move from pilot to commercial deployment reinforces the firm's view that stablecoin adoption is occurring as a complement to existing network infrastructure. Notably, Circle Internet's USD Coin was the only stablecoin referenced in Visa's commercial deployment announcement, and the firm would expect it to broaden, though it reinforces the view that institutional adoption will concentrate around the most established, regulated, and liquid stablecoins, the analyst said. The firm added that MasterCard and Visa announcements have positive read-through for Circle and USDC utility, though infrastructure remains multi-asset.MARQETA, COINBASE COLLABORATE FOR STABLECOIN-BACKED CARDS:Marqetaannounced Friday a collaboration with Coinbaseto bringLeveraging Coinbase's crypto infrastructure, Marqeta will enable businesses to offer a payment card solution that allows users to tap into the benefits of stablecoins by turning their stablecoin balances into everyday card spend. The collaboration will expand Marqeta's relationship with Coinbase, for whom Marqeta already issues crypto-backed cards. The expanded relationship will bring together capabilities suited to the stablecoin-backed card needs of Marqeta's enterprise customers. Coinbase will handle custody of stablecoin balances and manage the conversion between digital assets and fiat, while Base, Coinbase's blockchain, will provide the on-chain infrastructure for fast, secure, low-cost settlement. Marqeta will provide the card issuance and payment processing, and manage the bank and network relationships. Through the collaboration, businesses will be able to issue stablecoin-backed cards and fund their programs 24/7, while cardholders will be able to spend from a stablecoin balance at millions of merchants that accept cards globally."Coinbase is enabling businesses to move money with the speed and efficiency they require," said Alec Lovett, Head of Infrastructure Products, Coinbase. "Our collaboration with Marqeta will combine our stablecoin payment rails with their powerful issuing and processing capabilities to deliver real-time global transactions that meet the needs of modern consumers and businesses."Citi raised the firm's price target on Coinbase to $230 from $210 and kept a Buy rating on the shares. The firm adjusted ratings and targets in the digital asset group as part of a Q3 earnings preview. The sector is entering earnings season with a "considerably stronger backdrop" relative to a few months ago, the analyst said. Citi favors companies positioned around tokenization and market infrastructure, with a preference for "AI-enabled infrastructure stories."BITDEER AI EXPANDS MALAYSIA CAMPUS:Bitdeer AI, part of Bitdeer Technologies Group, announced Monday that it has entered intofor A103, a 60MW AI Cloud data center facility on the same Cyberjaya, Malaysia campus as its A101 and A102 facilities. A103 is designed for liquid-cooled, rack-scale NVIDIA systems, including the next-generation NVIDIA Vera Rubin platform, with energization expected in 1Q28. A103 is located on the existing Cyberjaya campus allowing Bitdeer AI to leverage established power, liquid cooling and networking to shorten the path to energization. Together with the A101 and A102 facilities, the Cyberjaya campus will represent approximately 71.5MW of AI Cloud data center capacity. With the addition of the A103 facility, Bitdeer AI's secured AI Cloud data center capacity totals approximately 333.5MW across facilities in Malaysia, Norway and the United States, representing approximately 95% of its target of up to 350MW to be delivered by 1Q28."We have secured approximately 95% of our up-to-350MW target with the addition of the A103 facility," said Michael Potter, CFO. "Adding 60MW alongside the A101 and A102 facilities means we benefit from the power, the cooling and the network infrastructure already in place, improving our time-to-market. A103 is also built for the Vera Rubin generation, which is the capacity customers are asking us about for 2028."OTHER CRYPTO NEWS:Strategyacquiresreports USD reserve of $4.88B as of October 11, price target raised to $208 from $186 at Cantor FitzgeraldSecuritizeprice targetat StoneX, downgraded to Neutral from Buy at CitiBitmine ImmersionreportsDeFi DevelopmentaddsStrivepurchases 3,311 bitcoin, reportsprice target raised to $37 from $21 at MaximTeraWulfinitiated with a Buy at TD Cowen,at Cantor Fitzgerald, Morgan Stanley says pullback 'at odds with underlying contract value'Hyperscale Datareportscompletes tokenization of 5,000 troy ounces of physical silverGeminiupgradedat CitiFigure Technologyinitiatedat Freedom CapitalGalaxy Digitalupgradedat CitiCoinShareslaunchesthrough Safe partnershipAmerican Bitcoinassumed with a Buy at H.C. Wainwright, price targetat MaximDigital Currency XtoCanaanminesBitFuFuproduceslaunches Hashrate Token with FinloopBakktselectsInteractive Brokersexpands digital asset offering withPerpetuals.comannounces plans to offeron its platformCantor Fitzgerald lowers Hut 8price targetCore Scientificto, Cipher MiningtoCleanSparktoKeel Infrastructuretoand Riot PlatformstoCRYPTO STOCK PLAYS:Publicly traded companies in the space include Bit Digital, Coinbase, Core Scientific, Mara Holdings, Strategy, Riot Platforms and TeraWulf.PRICE ACTION:As of time of writing, bitcoin dropped roughly 1% this week to $81,807 in U.S. dollars, according to CoinDesk.

Pagaya Appoints Jason Gardner to Board of Directors

Pagaya Technologies (PGY) announced the appointment of Jason Gardner to the Company's Board of Directors, following his confirmation at the Company's Annual Meeting in August. He is the Founder of Marqeta (MQ).

Nasdaq to Invest $100M in Payward

As bitcoin, ethereum and other cryptocurrencies see major legal, institutional, and technological developments, the financial landscape continues to adapt. Stay up on the crypto news that matters with the "Crypto Currents" weekly from The Fly. Also, join us for your essential daily recap, every day at 2 PM ET on FlyCast radio.NASDAQ TO INVEST $100M IN PAYWARD:Nasdaqannounced Thursdaythe parent company of Kraken, including an agreement by Nasdaq Ventures to invest $100M, the continued advancement of the companies' work on the Nasdaq Equity Token framework, and a new market surveillance agreement. Nasdaq is partnering with Payward to support the continued evolution of tokenized market infrastructure while maintaining an issuer-centric approach grounded in strong governance, regulatory compliance, and market integrity. Nasdaq and Payward will continue to advance the operational and commercial infrastructure supporting Nasdaq Equity Tokens with an expectation to launch NETs in 2Q27. Earlier this year, Nasdaq announced plans to develop NETs and introduced an accompanying framework designed to connect them with Payward's xStocks ecosystem. The next phase of the collaboration will advance the global distribution, trading and post-trade capabilities needed to support the broader adoption of tokenized equities. As part of the expanded relationship, Payward will also adopt Nasdaq's surveillance technology across its portfolio of trading venues, including crypto, equities, tokenized equities, futures and options."The next era of market evolution will be defined by how efficiently and seamlessly capital and assets move across the financial system with durable liquidity," said Tal Cohen, President of Nasdaq. "Expanding our relationship with Payward reflects our conviction that the company can play an important role in building the infrastructure that supports this evolution. This partnership advances our work on Nasdaq Equity Tokens and helps build a more connected financial system while preserving the trust, transparency and integrity that underpin capital formation."CIRCLE TO ACQUIRE TAZAPAY:Circle Internet Groupannounced Tuesday it had signeda Singapore-headquartered B2B cross-border payments infrastructure company focused on serving payment service providers and financial institutions. The deal is expected to close in 2027, subject to customary closing conditions and receipt of regulatory approvals, including approval from the Monetary Authority of Singapore. Tazapay brings over $25B of annualized payment volume, more than 60 banking and fintech partners, local payout rails covering over 100 markets, adding scale to Circle's payments infrastructure. Approximately 60% of Tazapay's transaction volume already includes stablecoins."Stablecoin settlement is becoming core infrastructure in the global economy, and combining USDC with Tazapay's world-class banking relationships, local payout rails, and institutional customer base will accelerate worldwide USDC adoption," said Jeremy Allaire, Circle CEO. "Tazapay has been a design partner for Circle Payments Network since 2025 and we share a deep alignment. We are excited to bring the team in-house and work together towards accelerating Circle's mission."Keefe Bruyette initiated coverage of Circle Internet with a Market Perform rating and $105 price target. Circle is well positioned to benefit from continued stablecoin adoption through USDC and its regulatory, ecosystem, and network advantages, while its larger payments and financial infrastructure opportunities offer significant but more speculative upside, the analyst said.Additionally, Clear Street said it views the deal as the "mirror image" of Mastercard's$1.8B BVNK acquisition in March. The deal roughly doubles the volume footprint of Circle's payments business at close, the analyst said. Clear views the $400M in stock deal price as "disciplined." It keeps a Buy rating on Circle Internet with a $107 price target.COINBASE, MOOV PARTNER FOR STABLECOIN PAYMENTS, CUSTODY:On Thursday, Coinbaseannounced it is, settlement, and real-time funding to Moov's growing customer base of more than 1,000 community banks and credit unions, combining Coinbase's regulated digital asset infrastructure with Moov's existing payments platform. Through this partnership, Moov is integrating Coinbase's stablecoin payments infrastructure into its existing payments platform, giving financial institutions a path to add stablecoin capabilities without building a separate crypto technology stack from scratch. Using CDP's Custodial Wallet accounts for fund custody and the Payments API to orchestrate stablecoin movement, Moov can embed crypto rails directly into its existing product."Community banks and credit unions have witnessed their customers use digital assets for years. Through our partnership with Moov, Coinbase is delivering the regulated infrastructure they need to offer these services directly embedded right into their existing systems. Modern tech should meet local institutions where they are, giving them the tools to compete with the largest players while preserving what makes them trusted pillars of their communities," said Ryan VanGrack, Vice Chair and Head of Corporate Affairs.The company also announced Wednesday it is rolling out a new way for customers in Brazil to earn more on the USDC they already hold by integrating Morpho. Users can deposit their USDC and put it to work onchain, where it accrues rewards until withdrawn with no lock-up required.Additionally on Wednesday, ION announced that Coinbase has selected ION's XTP for Event Contracts to support event contract clearing for Kalshi. Event Contracts is ION's latest extension to its flagship XTP solution, offering a fully automated, real-time platform for the creation, resolution, and settlement of event-based contracts.Goldman Sachs raised the firm's price target on Coinbase to $219 from $196 and kept a Buy rating on the shares.Meanwhile, Morgan Stanley initiated coverage of Coinbase with an Equal Weight rating and $250 price target. The company's scale, liquidity, regulatory infrastructure and product breadth position it to remain a central access and infrastructure provider as digital assets move further inside the regulated financial system, the analyst said. Morgan Stanley sees "meaningful strategic value" in Coinbase's positioning and believes the company is positioned to participate as crypto and traditional finance converge. However, the company's earnings profile remains highly cyclical, while incremental growth increasingly comes from businesses that are less proven, added the firm.CANTOR RAISES PRICE TARGETS ON CRYPTO NAMES:Cantor Fitzgerald raised the firm's price target on Bitmine Immersiontoand kept an Overweight rating on the shares. The price target increase reflects recent momentum in the crypto markets, the analyst said. While the firm is "mindful" of potentially choppy price action in the months ahead, the current bear-market drawdown will likely have bottomed by October 2026, Cantor said.The firm also raised its price target on Forward IndustriestoHyperliquid Strategiesto, Cypherpunk Technologiesto, DeFi DevelopmenttoHyperion DeFito, Metaplanetto, SharpLink GamingtoSol Strategiestoand SUI GrouptoThe analyst kept an Overweight rating on the names.Additionally, Bitmine announced Tuesday Bitmine crypto, total cash and marketable securities and "moonshots" holdings totaling $15.7B. As of September 7, the company's crypto holdings are comprised of 5,929,198 ETH at $2,495 per ETH, 211 BTC, $180M stake in Beast Industries, $91M stake in Eightco Holdingsand total cash & marketable securities of $593M.CANAAN REPORTS EARNINGS:On Tuesday, Canaan Inc.reportedwhich compared to analysts' consensus of loss per share of (15c) and revenue of $31.2M. The company also guided to Q3 revenue of $11M-$15M.Nangeng Zhang, CEO, commented, "Q2 2026 presented a difficult period for bitcoin mining, as renewed bitcoin price pressure, weaker mining economics, and seasonal power constraints weighed on equipment demand and profitability. Our team responded by staying close to customers, matching production to demand, and protecting liquidity. We generated $31.9M in total revenue with 2.5 EH/s of computing power sold during the second quarter. Our mining operations produced 243 bitcoins and continued to generate positive cash contribution before depreciation, supported by competitive power economics, while our digital asset treasury reached a record 1,915 BTC and 3,952 ETH at quarter-end. Beyond revenue generation, we kept our inventory lean, tightened spending and cash-flow management, and further streamlined our organization."BTIG lowered the firm's price target on Canaan to $2 from $3 and kept a Buy rating on the shares. The Q2 results were materially weaker than expected as declining BTC prices drove a sharp drop in mining-rig demand, sales volumes, and ASPs, while management's sharply lower Q3 revenue guidance signals continued pressure on the hardware business, the analyst said.Rosenblatt lowered the firm's price target on Canaan to 75c from $1.30 and kept a Buy rating on the shares. The firm said bitcoin market headwinds and ongoing repurposing of industry capacity toward high-performance compute colocation are weighing on demand for bitcoin mining rigs. As a result, Canaan's product revenue declined 70% quarter over quarter, the analyst said. However, Rosenblatt still sees meaningful operating leverage in Canaan's earnings model should bitcoin prices recover.OTHER CRYPTO NEWS:Strategymakesreports USD reserve of $5.1B as of September 7, price target raised to $179 from $175 at CanaccordStrivepurchasesas of September 4BVNK, Marqetapartner toMastercard launchesBitGoconnectsGalaxy Digitalreceiveslarge load interconnection processSecuritizeinitiatedH.C. Wainwright assumes Bit Digital, Mara HoldingswithTeraWulfinitiatedIrenSweetwater HubSoluna HoldingsenergizesAGM Groupentersto develop desktop nodeVisabringsGeminiprice target raisedU.S. BanklaunchesPowerComputeminesBTC Digitalannounceswith TianciCleanSparkreportsBlockapplies toCRYPTO STOCK PLAYS:Publicly traded companies in the space include Bit Digital, Coinbase, Core Scientific, Mara Holdings, Strategy, Riot Platformsand TeraWulf.PRICE ACTION:As of time of writing, bitcoin dropped roughly 2% this week to $77,469 in U.S. dollars, according to CoinDesk.