Comparison · 2026 edition
Bridge vs BVNK: stablecoin settlement compared 2026.
Bridge and BVNK side by side in the Stablecoin Settlement Index 2026: scores, evidence, published facts and awards.
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Bridge and BVNK side by side in the Stablecoin Settlement Index 2026: scores, evidence, published facts and awards.
In the Stablecoin Settlement Index, Bridge scores higher overall: 3.7 out of 5 (74 out of 100) against 3.4 (67), ranking 2 and 4 of 14. Bridge also scores higher in every segment.
Overall and segment scores out of 100, and the score out of 5.
| Score | Bridge | BVNK |
|---|---|---|
| Score out of 5 | 3.7 | 3.4 |
| Score out of 100 | 74 | 67 |
| Overall rank | 2 of 14 | 4 of 14 |
| For receiving from buyers (out of 100) | 76, rank 2 | 70, rank 4 |
| For paying suppliers (out of 100) | 69, rank 3 | 63, rank 7 |
| For treasury and holding (out of 100) | 77, rank 2 | 69, rank 3 |
| Type | US money transmitter, EU e-money institution, Stripe group | UK and Malta e-money institution, US money transmitter |
Each score with the evidence behind it.
| Criterion | Bridge | BVNK |
|---|---|---|
| Licences | 5/5 US licences in 32 states and DC with numbers, plus EU crypto-asset and e-money authorisations in Luxembourg and a Polish registration, all with numbers. | 5/5 FCA and MFSA e-money licences, MiCA authorisation and US licences in 39 states, all with numbers. |
| Published fees | 1/5 Minimums and a 1% ceiling on fiat to fiat spreads published, but no on-ramp, off-ramp or rail fee amounts. | 1/5 Fee structure described, but every figure is agreed per client. |
| Coins and rails | 5/5 USDC and USDT on many networks, with US, EU, UK, Mexican, Brazilian and Colombian rails. | 4/5 USDC and USDT with US, EU and UK rails; networks not named. |
| Settlement | 5/5 Same-day timings published: Fedwire under 3 hours, SEPA Instant and SPEI under 15 minutes. | 5/5 Same-day and instant rails published for the US, EU and UK. |
| Access | 2/5 No published country list; developer API focus. | 2/5 No country list; onboarding documents and API docs published. |
| Protection | 4/5 Own custody, segregated per-customer wallets, bankruptcy remote, reserves in Treasury bills with BlackRock; no figure or insurance. | 3/5 Segregated and safeguarded e-money stated; no named crypto custodian or insurance. |
Each criterion is scored 0 to 5 against the best published offer in the Stablecoin Settlement Index. 0 means not offered or not published. How it is scored
What each provider publishes on its own pages, read on 21 October 2026.
| Fact | Bridge | BVNK |
|---|---|---|
| Legal status | 'Bridge Building Inc. (NMLS ID 2450917)' for US residents. Company page: EEA services from Bridge Building S.A., 'authorized by the CSSF as a crypto-asset service provider (N00000012) and an electronic money institution (W00000024)'; residents outside the US and EEA served by Bridge Building Limited. Stripe blog: stablecoin balances are 'powered by Bridge', which Stripe acquired. | System Pay Services Ltd: 'authorised and regulated by the Financial Conduct Authority as an Electronic Money Institution', reference '901057'. System Pay Services (Malta) Ltd: MFSA Electronic Money Institution and 'a Crypto-Asset Service Provider in accordance with the Markets in Crypto-Assets Act', reference 'C66961'. System Pay Services (US), Inc.: FinCEN registered MSB, 'NMLS ID 2531294', 'not licensed as a bank in the US'. |
| Licences | Money transmitter or equivalent licences listed for 32 states and Washington DC, plus a Louisiana virtual currency licence. Poland: Bridge Building Sp. z o.o., 'Register of Activity in the Scope of Virtual Currencies: RDWW-794' (Polish Financial Supervision Authority). | US money transmitter or equivalent licences listed for 39 states, Washington DC and Puerto Rico, each with a number. Partner banks named: Lead Bank and Cross River Bank. |
| Stablecoins and networks | Route tables include USDC, EURC, USDT, PYUSD, USDB, USDP, USDG and others on Arbitrum, Avalanche, Base, Celo, Ethereum, Optimism, Polygon, Solana, Stellar, Tron, Sui, Aptos and others. 'USDC & EURC are the only stablecoins supported for users in the EEA.' | 'From BTC to USDT, USDC and PYUSD'; 'We support all major chains and tokens'. Networks not named on the pages read. |
| Bank rails | ACH, FedNow and wire (USD), SEPA (EUR), SPEI (MXN), Pix (BRL), Faster Payments (GBP), Bre-B (COP). SWIFT 'Limited availability'. | US: ACH, same-day ACH, FedNow, Fedwire, RTP, SWIFT. Europe: SEPA, SEPA Instant, SWIFT. UK: Faster Payments, SWIFT. Brazil, Mexico, Argentina and Canada listed as upcoming. |
| Fees | No on-ramp or off-ramp fee figures published. Virtual account docs: exchange fee 'may be 0'; gas fee 'usually 0 for most currencies and chains'. Fee disclosure statement for users reached through partners: fiat to fiat conversions carry a currency spread 'up to 1%'. Minimums per route, for example USDC: ACH and wire 1, Faster Payments 2, Pix 10, SPEI 50. | MiCA pricing policy: custody and internal transfers free; conversions at a 'Conversion All-in Exchange Rate' including a 'Commercial Fee' 'as agreed with you'; external transfers a percentage and/or fixed fee. No figures published. |
| Settlement | 'ACH - depends on the bank, T+0 or 1'; 'Fedwire - <3 hours'; 'SEPA Instant - <15 mins'; 'SEPA Credit - <1 business day'; 'SPEI - <15 mins'. | Same-day ACH 'T+0 if submitted by COT'; FedNow and RTP 'Instant'; Fedwire 'Within one business day'; SEPA Instant 'Seconds'; Faster Payments 'Minutes to hours'; SWIFT 1 to 5 business days. |
| Access | No country list published. Customers must be KYC or KYB approved before a virtual account is created. Built for developers through the API. | Eligible countries not listed; documents for onboarding published (certificate of incorporation, articles, three months of bank statements and others). API documentation published. |
| Protection | 'Bridge directly provides custody services'; 'individual segregated wallets per customer'; funds 'bankruptcy-remote from Bridge's operating funds'. 'The majority of reserves are held in Treasury bills with BlackRock'; cash in For Benefit Of accounts at regulated banks. No insurance stated. | 'Your e-money is held in segregated accounts - separate from BVNK's own funds'; '100% of customer e-money funds are safeguarded'; for digital assets 'we keep separate records for every fund type'. No named custodian or insurance. |
| Date read | 21 October 2026 | 21 October 2026 |
Not published or not stated by Bridge: fees, access and protection.
Not published or not stated by BVNK: stablecoins and networks, fees, access, protection and coins and rails.
Facts read on 21 October 2026 from: bridge.xyz/legal/licenses/…, bridge.xyz/legal/licenses/overview, bridge.xyz/company, apidocs.bridge.xyz/get-started/introduction/…, apidocs.bridge.xyz/platform/orchestration/…, support.bridge.xyz/articles/…, support.bridge.xyz/articles/…, stripe.com/blog/…, bridge.xyz/legal/fee-disclosure-statement/…; and help.bvnk.com/hc/en-us/articles/11094354781074, bvnk.com/compliance, bvnk.com/trading, bvnk.com/digital-assets, bvnk.com/eu/pricing-policy, docs.bvnk.com/bvnk/references/payment-methods, docs.bvnk.com/bvnk/get-started/…, bvnk.com/mt-mt/compliance.
Awards follow from the published scores and cannot be bought.
From each provider's strongest criteria and published terms.
Moving between stablecoins and local bank rails.
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