Mastercard completes BVNK acquisition to deepen stablecoin strategy

Mastercard has finalized its acquisition of BVNK as the payments giant deepens its push into stablecoin and digital asset infrastructure, according to a Monday statement. The acquisition, which was first announced in March, brings BVNK’s on-chain payment technology into Mastercard’s network, allowing businesses and financial institutions to move, manage and convert value across fiat currencies and blockchain-based assets. “Digital currencies — particularly stablecoins — are increasingly addressing real-world needs in areas like cross-border B2B payments, remittances, payouts, settlement and treasury flows,” Jorn Lambert, chief product officer at Mastercard, said in a statement, noting that the deal reflects the firm’s vision of a multi-money ecosystem where fiat, stablecoins and tokenized assets operate together through connected payment infrastructure. Mastercard said the combined platform will support stablecoin-powered cross-border payments, payouts, settlement and treasury services while improving interoperability between traditional financial systems and digital payment networks. Headquartered in London and San Francisco, BVNK helps businesses move money globally by connecting...