Mastercard is expanding its crypto team with strategic hires and targeted acquisitions. In August 2026, the payments giant agreed to acquire BVNK, a stablecoin infrastructure provider, for up to $1.8 billion. The global payments platform it launched in October 2026 enables businesses to manage both traditional currency and stablecoin transactions through a single API. With over 85 firms in its partner program, including Binance and Ripple, Mastercard is positioning itself as a major hub for the crypto ecosystem. The company is clearly focusing on dollar-pegged stablecoins, particularly USDC, rather than Bitcoin.
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