Mastercard completes its acquisition of BVNK

Mastercard/BVNK & stablecoin settlement

Mastercard closed the BVNK deal months ahead of its end-2026 target. It plans to combine its global network with BVNK's on-chain infrastructure so banks, fintechs and companies can use stablecoins for cross-border business payments, payouts, remittances, settlement and treasury.

• About $1.5B paid upfront, with up to $300M more tied to performance targets.
• Target uses: cross-border business payments, payouts, remittances, settlement and treasury.
• Chief Product Officer Jorn Lambert pitches a world where bank money, stablecoins and tokenized deposits work side by side.