Bakkt Selects Thredd to Power Credit Card-as-a-Service Program Settling in Stablecoins

Bakkt (NYSE: BKKT) selected Thredd, an AI-first issuer processing platform, to power a U.S. credit card-as-a-service program designed to settle in stablecoins. Thredd will provide card processing, tokenization, digital wallet integration, fraud and risk management, and loyalty services, extending Bakkt's stablecoin settlement rails into consumer credit products issued by partner banks.

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