MVB Partners with Velocity to Join Visa Direct Stablecoin Settlement Network

LONDON, Sept. 9, 2026 /PRNewswire/ -- MVB Financial Corp., a leading banking partner to fintechs and innovation-driven companies, and Velocity, an enterprise payments and treasury platform powered by stablecoins, today announced that MVB will participate in a Visa Direct pilot supporting stablecoin-enabled funding and settlement for eligible push-to-card payouts. Availability varies by eligibility and geography. Please contact your Visa representative for more information on availability.

Through the partnership, MVB will be able to use stablecoins to settle its Visa Direct payouts. The infrastructure brings stablecoin liquidity directly into MVB's banking and payments operations, enabling more flexible pre-positioning and settlement options across MVB's customers and the bank itself.  Enabled through Visa Direct, the arrangement allows eligible MVB participants to use stablecoins in connection with certain funding and settlement obligations. Digital-asset conversion, wallet connectivity and on-chain controls are performed by licensed partners. Delivered through a single API and regulated wallet infrastructure, the offering gives MVB customers access to stablecoin-enabled funding and settlement through the banking relationship and operational workflows they already use.

For MVB and Velocity, the partnership reflects a broader shift in how stablecoins are being adopted by financial institutions. Rather than operating as a separate digital asset product, stablecoin rails can sit underneath existing banking and payments infrastructure, giving institutions a new way to move and deploy liquidity while preserving the controls, relationships and systems already familiar to their customers.

"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."

The strategy aligns closely with emerging initiatives from major card networks, including solutions that allow sponsor banks to settle Original Credit Transactions (OCTs), issuer obligations, as well as traditional settlement in stablecoins.

For payments companies and fintechs, this can create greater flexibility over how capital enters and moves through the banking system. Velocity enables funds to be brought onchain, held as stablecoins and deployed into payment flows without requiring customers to manage separate infrastructure or fundamentally change how they interact with MVB.

"This is exactly where we believe stablecoins become most meaningful: when they disappear into the financial infrastructure businesses already rely on," said Eric Queathem, Founder and CEO of Velocity. "MVB has built its business around serving some of the most forward-thinking companies in payments and fintech, and we're excited to help bring these capabilities directly into that ecosystem. Visa Direct is a powerful starting point because it shows how stablecoin liquidity can connect directly into established global payment rails."

The partnership also lays the groundwork for MVB to extend stablecoin infrastructure across a broader range of treasury, settlement and payment use cases. As stablecoins become increasingly integrated into established financial networks, MVB and Velocity intend to continue building the infrastructure required for institutions to use them as part of their day-to-day financial operations.

Together, MVB and Velocity are building toward a model in which stablecoin capabilities are a native part of banking infrastructure, giving financial institutions and their customers faster, more flexible and always-on ways to fund and move money while remaining connected to the payment networks they already use.

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SOURCE Velocity