Mastercard agreed to acquire UK-based stablecoin infrastructure firm BVNK for up to $1.8 billion.
The deal includes $300 million in contingent payments.
Mastercard expects the transaction to close before the end of 2026, pending regulatory approvals.
The acquisition integrates BVNK’s platform to bridge traditional fiat currencies and stablecoins.
This move supports new use cases for cross-border payments, B2B transactions, and tokenized assets on Mastercard's global network.