Mastercard agrees to buy stablecoin payments firm BVNK for up to $1.8B

Mastercard/BVNK & stablecoin settlement

Mastercard agreed to acquire London-based BVNK, which builds stablecoin payment infrastructure, for up to $1.8B including $300M in contingent payments, the largest stablecoin acquisition so far. Executives framed it as a way into new markets such as remittances and cross-border business payments, where most flows still begin and end in ordinary money.

• Up to $1.8B, of which $300M depends on future performance.
• BVNK was founded in 2021 and valued at $750M in its December 2024 Series B.
• Coinbase had pursued BVNK for about $2B before talks ended in November 2025.
• Closing was expected by the end of 2026, pending approvals.