Mastercard agrees to buy stablecoin infrastructure provider BVNK for up to $1.8 billion

Mastercard said Tuesday it signed a definitive agreement to acquire stablecoin infrastructure firm BVNK for up to $1.8 billion, including $300 million in contingent payments. The company said the deal is designed to connect onchain payment rails with its global fiat network and support use cases such as remittances, payouts, and B2B and P2P transfers. Mastercard added the transaction is subject to regulatory approval and is expected to close before year-end.