Mastercard Eyes Zero Hash Acquisition for Nearly $2B Bet on Stablecoins: Report

Mastercard is reportedly in late-stage negotiations to acquire Zero Hash, a blockchain infrastructure startup specializing in stablecoin payments, for a price between $1.5 billion and $2 billion. This move comes as the competition for stablecoin payment infrastructure intensifies, with stablecoins seen as the next major frontier for global payment flows due to their potential for cheaper and faster settlement on blockchains. The report also noted that Mastercard might be losing out to Coinbase in the bidding for crypto firm BVNK. Zero Hash has seen significant growth, processing $2 billion in tokenized fund flows in the first four months of the year, and recently raised $104 million led by major investors like Interactive Brokers and Morgan Stanley. Other major players like Visa and Stripe are also heavily investing in tokenization and stablecoin infrastructure.

(Source：CoinDesk)