Adam Forsyth

Mastercard to acquire stablecoin firm BVNK for up to $1.8B

Global financial services giant Mastercard announced Tuesday it has reached a deal to buy BVNK, a stablecoin payment infrastructure provider, for up to $1.8 billion. The acquisition will integrate BVNK’s platform with Mastercard’s global network, creating seamless connections between fiat and stablecoins. Mastercard expects that stablecoins and tokenized deposits will become standard offerings for financial…

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