Mastercard Plans to Acquire Stablecoin Infrastructure Startup BVNK for Up to $1.8 Billion

Odaily News Payment giant Mastercard plans to acquire stablecoin infrastructure startup BVNK in a deal valued at up to $1.8 billion, which includes $300 million in contingent consideration. This acquisition news comes just four months after the breakdown of merger talks between BVNK and Coinbase, which were valued at approximately $2 billion. Both parties jointly issued a statement on Tuesday confirming the aforementioned transaction. (Bloomberg)