Mastercard completes $1.8B BVNK acquisition in stablecoin push
Mastercard has completed its $1.8 billion acquisition of stablecoin infrastructure company BVNK. The deal combines Mastercard’s global payments network with BVNK’s onchain infrastructure to bridge digital currencies and fiat. Mastercard said the combined platform will help institutions, fintechs, and enterprises use stablecoins and tokenized assets for cross-border payments, payouts, settlement, and treasury operations. BVNK said it is now part of Mastercard, but customers will keep using the same teams, products, and integrations without any immediate changes. The companies said the acquisition could let banks offer stablecoin payment services and connect customer accounts to wallets, while payment providers could support 24/7 merchant settlement. Mastercard also said BVNK’s capabilities should strengthen its card services and international transfer offerings. The acquisition agreement was first announced in March and included up to $300 million in contingent payments.
