London – – September 15, 2026 -- MVB Financial Corp. will settle eligible Visa Direct push-to-card payouts using stablecoins under a new pilot program announced with enterprise payments platform Velocity.
MVB gains stablecoin settlement rails inside its existing Visa Direct payment flows
The arrangement lets MVB use stablecoins for funding and settlement obligations tied to certain push-to-card payouts processed through Visa Direct. Availability depends on eligibility and geography, and digital-asset conversion, wallet connectivity and on-chain controls are handled by licensed partners rather than MVB directly.
Velocity delivers the infrastructure through a single API and regulated wallets
MVB customers access stablecoin-enabled funding and settlement through the banking relationships and operational workflows they already use, without adopting separate digital-asset infrastructure. Velocity's platform brings funds onchain, holds them as stablecoins, and deploys them into payment flows underneath MVB's existing systems.
"Banking is being rebuilt in real time, and stablecoins are at the center of that transformation," said Larry F. Mazza, Chief Executive Officer of MVB Financial. "By allowing stablecoins to solve inefficiencies in capital movement for payouts, we're giving our clients faster, more flexible ways to move money."
Strategy tracks card-network moves toward stablecoin-based Original Credit Transaction settlement
MVB's approach aligns with emerging card-network initiatives that allow sponsor banks to settle Original Credit Transactions, issuer obligations and traditional settlement using stablecoins. For payments companies and fintechs banking with MVB, the pilot creates added flexibility over how capital enters and moves through the banking system.
Eric Queathem, Founder and CEO of Velocity, said the Visa Direct integration demonstrates how stablecoin liquidity connects directly into established global payment rails, calling it "exactly where we believe stablecoins become most meaningful: when they disappear into the financial infrastructure businesses already rely on."
MVB and Velocity plan to extend stablecoin rails into broader treasury and settlement use cases
The companies intend to build additional infrastructure so institutions can use stablecoins as part of day-to-day treasury, settlement and payment operations, while customers remain connected to the payment networks they currently use.