Mastercard to acquire stablecoin infrastructure firm BVNK for up to $1.8 billion

Mastercard has agreed to acquire BVNK, a stablecoin infrastructure provider, for a total consideration of up to $1.8 billion, which includes $300 million in contingent payments. The strategic goal of this acquisition is to enhance Mastercard's capabilities in digital assets by enabling interoperability between existing fiat payment networks and blockchain-based systems. This move aligns with the growing scale of stablecoin payments, which reached at least $350 billion in volume in 2025, according to a BCG report. BVNK's infrastructure will allow Mastercard to support new use cases like cross-border remittances and B2B payments by integrating on-chain rails while maintaining compliance and security standards. The deal follows a competitive process, having previously involved Coinbase, and is expected to close before the end of the year, pending regulatory approval.

(Source：The Block)