Mastercard completes acquisition of stablecoin infrastructure company BVNK

Odaily Planet Daily News: Mastercard has announced the completion of its acquisition of stablecoin infrastructure company BVNK to enhance global stablecoin service capabilities. Mastercard's Chief Product Officer stated that in a multi-currency world where fiat currencies, stablecoins, and tokenized deposits coexist, the next-generation payment model will be determined by the efficiency of connectivity across various rails. BVNK's on-chain infrastructure and stablecoin-native technology will help financial institutions, fintech companies, and enterprises expand stablecoin use cases such as cross-border B2B payments, remittances, settlements, and fund flows. According to previous reports, Mastercard planned to acquire BVNK for up to $1.8 billion.