Payments giant Mastercard announced a deal to acquire U.K.-based stablecoin infrastructure company BVNK for up to $1.8 billion, including $300 million in contingent payments.
The acquisition strengthens Mastercard’s position in digital assets, enabling seamless movement of value across fiat and blockchain networks.
BVNK supports instant money transfers across more than 130 countries and is already used by firms like Worldpay, Deel, and Flywire. The platform processes billions in annual volume.
This move follows PayPal’s recent expansion of its PYUSD stablecoin into 70 markets, signaling rising institutional adoption of blockchain-based payments.