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💳 Mastercard to Acquire Stablecoin Infrastructure Firm BVNK for Up to $1.8B

Mastercard Inc. has agreed to purchase stablecoin startup BVNK for as much as $1.8 billion. The deal follows the collapse of negotiations between BVNK and Coinbase Global Inc. for a roughly $2 billion transaction four months ago, according to Bloomberg.

💳 Mastercard to Acquire Stablecoin Infrastructure Firm BVNK for Up to $1.8B

Mastercard Inc. has agreed to purchase stablecoin startup BVNK for as much as $1.8 billion. The deal follows the collapse of negotiations between BVNK and Coinbase Global Inc. for a roughly $2 billion transaction four months ago, according to Bloomberg.