Mastercard completes $1.8 billion acquisition of stablecoin infrastructure company BVNK
2026-08-10 08:08
Odaily Planet Daily 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 bid was reportedly higher, BVNK ultimately chose Mastercard due to a stronger cultural fit and greater strategic alignment between the two companies.
Major payment market participants, including Stripe, Visa, Mastercard, and Coinbase, are racing to establish a presence in the stablecoin market, which is valued at approximately $300 billion. (CoinDesk)
Although Coinbase's bid was reportedly higher, BVNK ultimately chose Mastercard due to a stronger cultural fit and greater strategic alignment between the two companies.
Major payment market participants, including Stripe, Visa, Mastercard, and Coinbase, are racing to establish a presence in the stablecoin market, which is valued at approximately $300 billion. (CoinDesk)
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