Mastercard to acquire BVNK for up to $1.8B, linking traditional payments with stablecoins
Mastercard is acquiring BVNK, a London-based stablecoin infrastructure firm, for up to $1.8 billion (including $300 million in performance-contingent payments), in its largest crypto investment to date. The deal would let Mastercard connect traditional payment rails with blockchain-based stablecoins and tokenized deposits, leveraging BVNK's platform across 130+ countries and major networks as digital currencies gain traction.