Global financial services giant Mastercard announced Tuesday it has reached a deal to buy BVNK, a stablecoin payment infrastructure provider, for up to $1.8 billion.
The acquisition will integrate BVNK’s platform with Mastercard’s global network, creating seamless connections between fiat and stablecoins.
Customers will gain access to innovative solutions for cross-border remittances, B2B payments, and tokenized assets. The combined capabilities aim to deliver secure, compliant, and chain-agnostic payment options at scale.
The deal is expected to close before year-end, subject to regulatory approval.
This is a developing story.
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