MasterCard to acquire stablecoin company BVNK for up to $1.8B

Global financier MasterCard announced on Tuesday that it has reached an agreement 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 stablecoins and tokenized deposits to become standard offerings for financial institutions and fintechs. The company plans to provide a strong and compliant framework to support these services, connecting digital currencies with traditional financial systems.

Jorn Lambert, Mastercard's chief product officer, said in a statement: “This acquisition reinforces what we've always done to use innovation and technology to power the economy and empower people.

Customers will find innovative solutions for cross-border remittances, B2B payments and tokenized assets. Integrated Capabilities aims to provide secure, compliant and chain-agnostic payment options at scale.

MasterCard has been exploring the acquisition of BVNK for some time. In the year In October 2025, MasterCard and Coinbase were reportedly in talks to buy the stablecoin infrastructure company for $2 billion.

However, Coinbase later opted out of the proposed acquisition.

BVNK's technology has gained recognition among financial institutions through investments by Citigroup's venture arm and a partnership with Visa.

The deal is expected to close before the end of the year, pending regulatory approval.

“For all the progress made to simplify the digital currency opportunity, it only scratches the surface of what's possible,” said BVNK CEO Jessie Hemson-Strughters. “This agreement brings additional capabilities to define and deliver the future of money. Together, we are able to provide an unprecedented infrastructure for digital currency-based financial services.”