Mastercard to buy stablecoin infrastructure firm BVNK for up to $1.8 billion in cash-and-contingent deal

Mastercard said on Tuesday it signed a definitive agreement to acquire stablecoin infrastructure provider BVNK for as much as $1.8 billion, including $300 million in contingent payments. The company aims to connect blockchain-based rails with its global fiat network, supporting cross-border transfers, payouts and other digital asset payment use cases as demand for stablecoin services grows.