Mastercard says it’s acquiring stablecoin startup BVNK in $1.8 billion bet on future of payments

Mastercard says it’s acquiring stablecoin startup BVNK in .8 billion bet on future of payments

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.

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