Mastercard on Tuesday announced a deal to buy BVNK, a stablecoin infrastructure company, for up to $1.8 billion, including $300 million in contingent payments.
The agreement expands Mastercard’s end-to-end support of digital assets and value movements across currencies, rails and regions.
UK-based BVNK describes itself as the stablecoin-powered financial stack for businesses, moving money in seconds across more than 130 countries.
Its infrastructure is already used by companies including Worldpay, Deel and Flywire. It processes billions of dollars annually.
