Mastercard said on Tuesday it would buy stablecoin payments infrastructure firm BVNK for up to $1.8 billion.
The acquisition âunderscores Mastercard's â strategy â to expand beyond traditional card networks and position itself at the center of emerging digital asset ecosystems, including stablecoins.
"We expect that most financial â institutions and âfintechs will, in time, provide digital currency â services," said Jorn Lambert, Mastercard's chief product officer.
BVNK, founded in 2021, specializes in infrastructure to bridge between fiat and stablecoins. The platform enables sending and receiving âpayments on all major blockchain networks across more than 130 â countries.
The deal includes $300 million in contingent payments, and is expected to close before the end of 2026.
The acquisition âunderscores Mastercard's â strategy â to expand beyond traditional card networks and position itself at the center of emerging digital asset ecosystems, including stablecoins.
"We expect that most financial â institutions and âfintechs will, in time, provide digital currency â services," said Jorn Lambert, Mastercard's chief product officer.
BVNK, founded in 2021, specializes in infrastructure to bridge between fiat and stablecoins. The platform enables sending and receiving âpayments on all major blockchain networks across more than 130 â countries.
The deal includes $300 million in contingent payments, and is expected to close before the end of 2026.
Meridiano
