Mastercard Expands Into Stablecoins With $1.8B BVNK Deal

[cryptobro]

Mastercard has agreed to acquire BVNK in a deal valued at up to $1.8 billion, signaling a major push into blockchain-based payments.

The agreement includes up to $300 million in contingent payments and aims to strengthen Mastercard’s ability to connect traditional fiat systems with onchain transactions.

Chief Product Officer Jorn Lambert said the move reflects a broader shift in finance: most institutions and fintechs are expected to adopt digital currency services, including stablecoins and tokenized deposits.

Founded in 2021, BVNK provides infrastructure enabling businesses to send and receive payments across major blockchain networks in over 130 countries, bridging fiat currencies and stablecoins for global transactions.

[mendez]

We’re watching TradFi slowly absorb crypto instead of the other way around