Mastercard on Tuesday announced an agreement to acquire stablecoin infrastructure company BVNK for up to $1.8 billion, including a $300 million contingent payment.
The partnership expands Mastercard’s end-to-end support for digital assets and the movement of value across currencies, rail and geographies.
UK-based BVNK describes itself as a stablecoin-powered enterprise finance stack that allows funds to be moved in seconds across more than 130 countries.
Its infrastructure is already used by companies such as Worldpay, Deel, and Flywire. We process billions of dollars annually.
