Bakkt and Thredd Partnered on Credit Card Program
The new collaboration aims to use stablecoins to process consumer credit transactions by early 2027.
Updated on Oct. 13, 2026 in Credit Cards
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Bakkt and Thredd have announced a new partnership to launch a credit card-as-a-service program in the United States. This infrastructure aims to enable the settlement of credit card transactions using stablecoins.
Why it matters
The initiative seeks to change the underlying economics of consumer credit through stablecoin settlement. It reflects an ongoing effort to bridge traditional payment processing with digital asset infrastructure.
The companies have set a target for a proof of concept during the first half of 2027. This timeline remains subject to product readiness and necessary approvals from banking institutions.
The players
Bakkt
A financial infrastructure company that operates platforms for trading and digital asset settlement.
Thredd
A payment processor based in Austin, Texas, that provides card-issuing and credit infrastructure for financial services.
The details
Thredd provides the processing and credit infrastructure, while Bakkt manages the technology stack for trading and settlement. The program integrates tokenization and fraud management to connect consumer credit components with digital assets. This setup is designed to allow credit transactions to settle using stablecoins rather than traditional clearing methods.
Timeline
October 13, 2026: Thredd and Bakkt announced their partnership.
First half 2027: The companies are targeting this timeframe for an initial proof of concept.
Money Landscape
The push toward stablecoin settlement follows a broader industry trend of integrating digital asset infrastructure into traditional retail credit cards. This development represents an attempt to modernize the underlying mechanics of payment processing.
Consumers should note that this remains an infrastructure project currently in the development stage with no immediate impact on existing credit products. Any future shift in how cards operate should be discussed with a qualified financial professional to understand potential changes to fees or rewards.
The takeaway
This partnership signals a shift toward utilizing stablecoin technology for standard credit transactions. Readers should monitor these developments as they emerge for potential changes to how future consumer credit products process payments.
What happens next
A proof of concept is targeted for the first half of 2027, pending product readiness and bank approvals.
Further reading
For more on the evolving landscape of card processing, visit our Credit Cards section.
Live Poll
Do you trust stablecoin-based credit cards as a reliable payment method for your personal finances?
