Mastercard to Acquire Stablecoin Payments Firm BVNK for $1.8 Billion to Grow Digital Asset Capabilities
Mastercard has signed a definitive agreement to buy stablecoin infrastructure provider BVNK for $1.8 billion, including $300 million in contingent consideration. The acquisition is aimed at enhancing cross-border remittances, B2B payments, and global payouts through stablecoin-based solutions.