Mastercard Buys Stablecoin Firm BVNK for Up to $1.8 Billion

Mastercard is acquiring stablecoin infrastructure firm BVNK for up to $1.8 billion. The deal includes $300 million in contingent payments.

The acquisition strengthens Mastercard’s ability to support end-to-end digital asset transactions, linking blockchain payments with traditional fiat systems.

BVNK enables cross-border business transactions in stablecoins across 130 countries and specializes in converting digital assets to cash. The firm was previously valued at $750 million after a 2024 Series B round.

Mastercard’s move follows reported interest from Coinbase, which had pursued a $2 billion acquisition before backing out last year. The purchase marks one of the largest by a financial incumbent in the crypto space this year.