UstarPay taps BitGo Bank & Trust to custody assets behind its crypto payment cards

The PayFi provider is bringing in a federally chartered digital asset trust bank to hold customer funds tied to its spending products UstarPay is handing the keys, quite literally, to a bank. The PayFi infrastructure provider announced on November 5, 2026, that BitGo Bank & Trust will serve as its banking partner for custody of digital assets connected to its payment and wallet services. What the BitGo partnership covers The arrangement focuses on custody of the digital assets that flow through UstarPay’s payment services. According to the companies, the goal is threefold: tighter security, clearer operational roles, and segregation of customer assets. That last point carries the most weight. Under the custody setup, customer assets are meant to stay separate, so users keep ownership and beneficial interest in what they hold. UstarPay’s lineup includes Visa-branded cards in both physical and virtual form. Those cards can be used at more than 80 million merchants, and they support a range of digital assets with instant conversion at the point of sale. Users can deposit and spend assets such as USDT through the platform. The conversion happens behind the scenes, so the coffee sho...