Mastercard’s Acquisition of BVNK Shows Stablecoins Becoming Enterprise Payment Infrastructure
Mastercard didn't sign a partnership with BVNK. It bought the company outright: a deal worth up to $1.8bn, including $300m in contingent payments, that closed on 3 August 2026, well ahead of the year-end timetable Mastercard set when it announced the acquisition in March.