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Mastercard Buys Stablecoin Startup BVNK for Up to $1.8 Billion

Source: bloomberg.com

Mastercard agreed to acquire BVNK for up to $1.8 billion to bridge fiat and stablecoin payments.
Deal includes $300 million in contingent payments and closes late 2026 after regulatory review.
Accelerates Wall Street's crypto push amid rivals like Stripe snapping up similar firms.

Mastercard is buying London-based stablecoin infrastructure startup BVNK to connect traditional fiat payments with on-chain crypto rails. This move lets banks and businesses handle stablecoins for cross-border payouts, settlements, and more. It signals payments giants racing to dominate blockchain money flows as digital assets hit $350 billion in 2025 volume.