TLDR Tech / Fintech
Mastercard acquires BVNK in $1.8 billion stablecoin push
Mastercard said it will acquire stablecoin infrastructure startup BVNK for up to $1.8 billion, including $300 million tied to performance targets, marking its largest crypto deal to date. The acquisition gives Mastercard deeper exposure to stablecoins and tokenized deposits by linking traditional payment rails with blockchain-based systems. It also reflects how large payment networks are positioning for broader digital currency adoption amid a more favorable crypto regulatory backdrop.
Read the full story