Mastercard completes acquisition of stablecoin infrastructure company BVNK

According to official news, Mastercard has announced the completion of its acquisition of the stablecoin infrastructure company BVNK to enhance its global stablecoin service capabilities. Mastercard's Chief Product Officer stated that in a multi-currency world where various values coexist, including fiat currencies, stablecoins, and tokenized deposits, the next generation of payment models will be determined by the efficiency of connections across different rails. BVNK's on-chain infrastructure and stablecoin-native technology will help financial institutions, fintechs, and enterprises expand stablecoin application scenarios such as cross-border B2B payments, remittances, settlements, and cash flows.

Previously, in March, it was reported that Mastercard planned to acquire BVNK for up to $1.8 billion.