Mastercard completes $1.8 billion acquisition of stablecoin infrastructure company BVNK
2026-08-10 08:08
Odaily News: Payment company Mastercard has recently completed the acquisition of stablecoin infrastructure company BVNK for $1.8 billion. The deal was reached after intense competition from Coinbase and Visa.
Although Coinbase's offer was reportedly higher, BVNK ultimately chose Mastercard due to a stronger cultural fit and greater strategic alignment between the two companies.
Major payment market players, including Stripe, Visa, Mastercard, and Coinbase, are racing to position themselves in the approximately $300 billion stablecoin market. (CoinDesk)
Although Coinbase's offer was reportedly higher, BVNK ultimately chose Mastercard due to a stronger cultural fit and greater strategic alignment between the two companies.
Major payment market players, including Stripe, Visa, Mastercard, and Coinbase, are racing to position themselves in the approximately $300 billion stablecoin market. (CoinDesk)
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