The move aims to integrate BVNK’s infra into Mastercard’s network to bridge on-chain payments and existing fiat rails.
Mastercard has struck a deal to buy stablecoin infrastructure firm BVNK for up to $1.8 billion, according to a press release on Tuesday, March 17. The deal includes $300 million in contingent payments and is expected to close before year-end, pending regulatory approval.
The acquisition is designed to integrate BVNK’s on-chain payment rails directly into Mastercard’s global fiat network, enabling use cases across cross-border transfers, remittances, and business-to-business payments. Mastercard said the deal would allow financial institutions and fintechs to offer services spanning stablecoins, tokenized deposits, and tokenized assets.
“We expect that most financial institutions and fintechs will in time provide digital currency services, be it with stablecoins or tokenized deposits,” said Jorn Lambert, Mastercard’s chief product officer.
Per the release, BVNK supports stablecoin transfers globally “on all major blockchain networks.”
The news comes four months after BVNK’s roughly $2 billion acquisition talks with Coinbase collapsed, as Fortune reported at the time. Mastercard had reportedly previously explored acquiring BVNK, and was also in the running to acquired Zerohash.
Earlier this month, Mastercard launched a formal Crypto Partner Program enlisting over 85 firms — including global crypto giants like Binance, Circle, Ripple, and Solana — to co-develop products connecting digital asset infrastructure to its card rails. In early March, the company also partnered with neobank SoFi to integrate SoFiUSD as a settlement option across its global network.
More broadly, stablecoin payment volumes are booming. B2B stablecoin payments surged over 730% year-over-year in 2025, with total annual volumes reaching an estimated $390 billion, per a report from Artemis and Stablecon.
In a similar move to today’s announcement, last year, payments fintech Stripe acquired stablecoin infrastructure platform Bridge.
This article was written with the assistance of AI workflows. All our stories are curated, edited and fact-checked by a human.
Source: https://thedefiant.io/news/infrastructure/mastercard-to-acquire-stablecoin-infra-firm-bvnk
