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Mastercard Buys Stablecoin Firm BVNK for Up to $1.8 Billion

Source: bloomberg.com

Mastercard agreed to buy London-based startup BVNK for up to $1.8 billion to boost its crypto payments business.
The deal includes $300 million in extra payments based on performance and should close by late 2026.
BVNK bridges regular money and stablecoins, digital dollars that hold steady value, for faster global transfers.

Mastercard is snapping up BVNK, a specialist in stablecoin tech that links traditional banking with blockchain payments. This move lets the payments giant handle crypto alongside everyday money transfers. It shows big finance players racing to control the booming stablecoin market, now hitting hundreds of billions in yearly volume.