Bakkt and Thredd Advance Stablecoin Settlement Card Project
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AI-assisted source synthesis · not an independent investigation.
On October 14, 2026, PYMNTS reported that Bakkt had selected Thredd to launch a stablecoin-settled card-as-a-service project in the United States. The two parties plan to issue consumer credit products through partner banks and integrate Thredd’s card processing and credit infrastructure into Bakkt’s settlement rail. Thredd will also provide tokenization, digital wallet integration, fraud and risk management, and loyalty services. The project’s initial proof of concept is planned for the first half of 2027, but the specific timeline depends on product readiness, bank and payment network requirements, and relevant approvals. Current reports do not indicate that the project has officially issued cards to consumers.
AI-written from reports · updated 5 days ago
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- PYMNTSBakkt selects Thredd to launch a stablecoin-settled credit card program in the US
Bakkt has selected Thredd to launch a stablecoin-settled card-as-a-service program in the US, with plans to issue consumer credit products through partner banks and connect Thredd’s card processing and credit infrastructure to Bakkt’s settlement rails. Thredd will also provide tokenization, digital wallet integration, fraud and risk management, and loyalty services. An initial proof of concept is planned for the first half of next year, subject to product readiness, bank and network requirements, and relevant approvals.
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