Bakkt Selects Thredd to Power Credit Card-as-a-Service Program Settling in Stablecoins
Business Wire•13/10/2026•08:00 ET
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Key Highlights
- ➤Bakkt and Thredd partner on U.S. stablecoin-settled credit card program
- ➤Initial proof of concept targeted for first half of 2027
- ➤Thredd will provide card processing, credit infrastructure, tokenization and fraud management
- ➤Program remains subject to partner bank approval, network requirements and applicable approvals
Expert Statements
Jim McCarthy, CEO of Thredd
“Launching a credit card that would settle in stablecoins requires tight integration across processing, lending, and digital asset infrastructure”
Jim McCarthy, CEO of Thredd
“By combining modern card processing with flexible credit capabilities, our platform removes operational complexity so Bakkt can offer its clients a direct, reliable payment product.”
Ankit Khemka, Chief Product Officer at Bakkt
“We run regulated rails that move value for institutions, and we move it across borders on demand. This program is designed to bring that same settlement infrastructure to everyday spend”
Ankit Khemka, Chief Product Officer at Bakkt
“Thredd’s technology and proven payments infrastructure give us one integration where the market expects many, and we believe stablecoin settlement can change the economics of consumer credit the way it is already changing the economics of cross-border payments.”
Bakkt Selects Thredd to Power Credit Card-as-a-Service Program Settling in Stablecoins
Partnership combines digital asset infrastructure and modern card processing to power a stablecoin-settled credit card-as-a-service program.
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