Mastercard has completed its acquisition of stablecoin infrastructure company BVNK. Mastercard stated the transaction, valued at $1.8 billion, integrates BVNK’s onchain capabilities with Mastercard’s existing payment network.
Mastercard stated that the combination connects digital currencies with fiat currencies by merging its global network with BVNK’s infrastructure. The company said this would help institutions, fintechs, and enterprises expand their use of stablecoins and tokenized assets across cross-border business payments, payouts, settlement, and treasury flows.
BVNK confirmed it has officially become part of Mastercard. The company stated that customers would continue to use the same teams, products, and integrations, with no action required from users during the transition.
Operational integration and services
According to BVNK, the partnership could allow banks to offer stablecoin payment services and connect customer accounts to wallets. The company also indicated that payment providers could enable round-the-clock merchant settlement through the new infrastructure.
BVNK stated that Mastercard’s global reach would expand its card capabilities and international fund transfer services.
Deal structure and prior attempts
Mastercard agreed to acquire BVNK for up to $1.8 billion in March. The acquisition deal included $300 million in contingent payments, bringing the total potential value to the reported figure.
Prior to this agreement, Coinbase and BVNK abandoned a proposed $2 billion transaction in November 2025. That earlier deal had reached the due diligence stage before being terminated.
