Mastercard has completed its acquisition of stablecoin infrastructure company BVNK in a deal valued at $1.8 billion. The acquisition combines Mastercard’s global network with BVNK’s onchain infrastructure to connect digital currencies with fiat currencies. The tie-up aims to help institutions, fintechs and enterprises expand their use of stablecoins across cross-border payments, payouts, settlement and treasury flows. The total consideration includes $300 million in contingent payments. This deal follows Coinbase and BVNK abandoning a proposed $2 billion transaction in November 2025.
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