Mastercard to acquire stablecoin firm BVNK for up to $1.8B
Mastercard to buy BVNK for up to $1.8B, doubling down on stablecoin payments
Mastercard will acquire BVNK, a London-based stablecoin infrastructure firm, in a deal worth up to about $1.8 billion. The package includes $300 million in contingent payments, per Bloomberg.
The move pushes Mastercard deeper into crypto rails and 24/7 settlement. The company said in April 2025 it would bring “end-to-end stablecoin acceptance and payments capabilities” onto its core network, per its press release.
On March 11, Mastercard launched a global crypto partner program with “more than 85 industry leaders,” including Binance, Crypto.com, Kraken, PayPal and Solana, to connect on‑chain innovation with existing rails, per Mastercard.
The deal follows a failed $2 billion attempt between BVNK and Coinbase that collapsed after four months, according to Bloomberg.
Stablecoins now dominate on-chain value transfer. Transaction volume exceeded $33 trillion by late 2025, per Plasma.
Visa is also building stablecoin rails. On January 12, BVNK said it would deliver stablecoin infrastructure for Visa Direct pilot programs, per Business Wire.
- Deal value up to $1.8B
- $300M contingent payments
- >85 partners in Mastercard’s crypto program
- $33T stablecoin volume by late 2025
