Mastercard completes $1.8B BVNK acquisition in stablecoin push
Mastercard said the tie-up would help banks, fintechs and enterprises expand stablecoin payments, payouts, settlement and treasury services.
Mastercard finalized the acquisition of stablecoin infrastructure company BVNK for $1.8 billion, solidifying its push into the stablecoin market. This deal, which closed on Monday, merges Mastercard's expansive global network with BVNK's onchain infrastructure, enabling seamless integration of digital currencies with traditional fiat currencies. The acquisition aims to empower banks, fintech firms, and enterprises to harness stablecoins for cross-border payments, payouts, settlements, and treasury services.
BVNK's chief executive, Prasad Nandipati, affirmed that the merger would allow banks to offer stablecoin payment services and facilitate customer accounts' connection to wallets. Meanwhile, payment providers could facilitate continuous merchant settlements. BVNK highlighted that Mastercard's worldwide reach would enhance its card capabilities and international fund transfer services.
In March, Mastercard had agreed to acquire BVNK for up to $1.8 billion, encompassing $300 million in contingent payments. This strategic move follows the collapse of a proposed $2 billion transaction between Coinbase and BVNK in November 2025, which had progressed to the due diligence stage. The stablecoins sector is experiencing increased adoption for paychecks and daily spending, as evidenced by a recent BVNK report.
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