Mastercard to Acquire BVNK in $1.8B Stablecoin Payments Push

Mastercard has agreed to acquire stablecoin infrastructure company BVNK in a deal valued at up to $1.8 billion, including up to $300 million in contingent payments. The purchase is intended to strengthen Mastercard’s ability to connect fiat payment rails with onchain transactions.

“We expect that most financial institutions and fintechs will in time provide digital currency services, be it with stablecoins or tokenized deposits,” Jorn Lambert, chief product officer at Mastercard, said. Founded in 2021, BVNK provides infrastructure that allows businesses to send and receive payments across major blockchain networks in more than 130 countries.

Its platform is designed to bridge fiat currencies and stablecoins, enabling cross-border payments, payouts and business transactions. In November 2025, Coinbase and BVNK announced they had mutually walked away from a proposed $2 billion acquisition that had reached the due diligence stage.

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