Mastercard plans to acquire stablecoin infrastructure company BVNK for up to $1.8 billion.
TechFlame
2026-03-17 13:04
TechFlame2026-03-17 13:04
English
TechFlame News: Payment giant Mastercard has announced its plan to acquire stablecoin infrastructure startup BVNK, with the total transaction value potentially reaching up to $1.8 billion. In a joint statement released on Tuesday, the companies disclosed that approximately $300 million of the deal consists of contingent consideration. Reports indicate that this acquisition comes four months after BVNK’s potential $2 billion deal negotiations with Coinbase Global fell through. The transaction also signals that traditional payment giants are accelerating their expansion into stablecoin and on-chain payment infrastructure.