Overview
- Mastercard signed a definitive agreement to buy the stablecoin infrastructure firm for up to $1.8 billion, including $300 million in performance-based payments.
- The company plans to integrate BVNK’s platform to support stablecoins and tokenized deposits for use cases such as remittances, B2B payments and payouts.
- The deal is subject to regulatory review and customary conditions, with closing targeted before the end of the year.
- Founded in 2021, BVNK operates a chain-agnostic payments stack across 130+ countries, serves clients including Worldpay, Deel and Flywire, and processes billions annually.
- The agreement follows reported, unsuccessful talks with Coinbase at about $2 billion, as major payments firms step up stablecoin initiatives and 2025 payment volumes reached at least $350 billion.