Mastercard completes BVNK acquisition in stablecoin push

Mastercard has completed its acquisition of stablecoin infrastructure provider BVNK, bringing on-chain payment technology into its global network. Summary Mastercard finalized the up to $1.8 billion acquisition first announced in March. BVNK connects fiat and blockchain networks for payments, settlement, payouts, and treasury flows. The deal expands Mastercard’s ability to support stablecoins and tokenized assets alongside traditional currencies. Mastercard is also backing Open USD and developing stablecoin payments for autonomous AI agents. Mastercard closes deal for BVNK Mastercard confirmed on Aug. 3 that it had completed the acquisition of BVNK, expanding its infrastructure for moving value between fiat currencies and digital assets. The payments company first announced the agreement in March, valuing the transaction at up to $1.8 billion, including $300 million in contingent payments. BVNK provides the underlying infrastructure for businesses and financial institutions to hold, move, manage, and convert money across traditional banking systems and blockchain networks. Its APIs support stablecoin payments, cross-border transfers, payouts, settlements, and treasury operations. M...