Morningstar

Mastercard Buy Stablecoin Infrastructure Firm BVNK for Up to $1.8 Billion

Provided by Dow Jones Mar 17, 2026, 12:56:00 PM

By Colin Kellaher

Mastercard has agreed to buy stablecoin infrastructure firm BVNK for up to $1.8 billion

Mastercard on Tuesday said the acquisition, which includes $300 million in contingent payments, expands the Purchase, N.Y., payment giant's support of digital assets and value movement across currencies, payment rails and regions.

The deal is slated to close by the end of the year.

BVNK, which processes more than $30 billion in stablecoin payments annually, counts Visa, Citigroup and Coinbase Global among its investors.

Mastercard and Coinbase were both circling BVNK last year before Coinbase called off talks to buy the London-Based firm, according to several published reports.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

March 17, 2026 08:56 ET (12:56 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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