Key Points
- Mastercard said it agreed to acquire stablecoin infrastructure startup BVNK for up to $1.8 billion — including $300 million in performance-contingent payments — in its biggest crypto deal ever.
- The deal gives the payments giant the ability to connect traditional rails with blockchain-based systems supporting stablecoins and tokenized deposits.
- BVNK, founded in 2021 and recently valued at roughly $750 million, operates across 130-plus countries on all major blockchain networks.
