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Yahoo Finance Tech·1 min read

Mastercard to Acquire Stablecoin Tech Firm BVNK for Up to $1.8 Billion

Mastercard acquires BVNK for stablecoin technology.

Mastercard has announced its acquisition of stablecoin infrastructure firm BVNK for up to $1.8 billion, a move aimed at enhancing its capabilities in digital asset transactions. This acquisition will allow Mastercard, which processes approximately $9.5 trillion in annual payments, to offer comprehensive support for stablecoins and facilitate conversions between digital assets and cash.

Key Takeaways

1.
The acquisition includes $300 million in contingent payments.
2.
BVNK was previously valued at $750 million during its Series B funding in 2024.
3.
Mastercard processes around $9.5 trillion in annual payments.

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Mastercard to Acquire Stablecoin Tech Firm BVNK for Up to $1.8 Billion | Trace