Mastercard Completes BVNK Acquisition to Expand Stablecoin Payments

Stablecoins are moving beyond crypto trading into cross-border payments, corporate settlement and treasury management, pushing established payment networks to strengthen their blockchain capabilities. Founded in 2021, BVNK provides infrastructure for businesses to send, receive, store and convert stablecoins and fiat currencies across more than 130 countries. The acquisition gives Mastercard a deeper operating layer for linking on-chain transactions with traditional payment rails while supporting banks, fintechs and enterprises.

Mastercard completed the acquisition on Aug. 3, 2026, after announcing the agreement on March 17 with an expected closing before year-end. The transaction was valued at up to $1.8 billion, including $300 million in contingent payments. Mastercard plans to combine BVNK’s stablecoin stack with a network connected to more than 17 billion endpoints, targeting cross-border business payments, round-the-clock merchant settlement, global payouts and corporate liquidity management.