Gate News reports that on March 17, Mastercard plans to acquire stablecoin infrastructure startup BVNK for up to approximately $1.8 billion, including $300 million in contingent consideration. BVNK is headquartered in London and previously negotiated a potential acquisition worth around $2 billion with a certain CEX last year, but the discussions were terminated in November. Recently, Mastercard has established a global partnership network with over 85 digital asset and crypto-related companies, aiming to maintain its core position in the payments sector through emerging technologies like stablecoins. This deal will further strengthen traditional payment networks’ presence in crypto payments and stablecoin settlement infrastructure.
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