- Mastercard confirms its agreement to acquire stablecoin firm BVNK for a potential total of $1.8 billion, including $300 million in contingent payments.
- The acquisition marks a major move by the global payments giant to offer comprehensive end-to-end digital asset support via infrastructure.
- BVNK facilitates stablecoin transactions across 130 countries and was valued at $750 million during a 2024 funding round.
- Coinbase previously walked away from a $2 billion deal for BVNK last year, according to reports.
On Tuesday, Mastercard announced it will acquire stablecoin infrastructure provider BVNK for up to $1.8 billion, according to a press release. This landmark deal will empower the financial behemoth to provide full-scale support for digital assets. Representing one of 2025’s largest crypto acquisitions, it signals incumbent financial players are eyeing stablecoins as key settlement tools.
Consequently, Mastercard will integrate BVNK’s platform for converting between digital assets and cash into its own network. The acquisition directly connects on-chain payments with traditional financial rails. However, BVNK currently operates in 130 countries, which is far less than Mastercard‘s 210-country reach.
Around that time, Coinbase reportedly abandoned a $2 billion deal to acquire BVNK. Editor’s note: This story is breaking and will be updated with additional details.
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