Mastercard has agreed to acquire London-based stablecoin infrastructure firm BVNK for $1.8 billion. The deal includes a $300 million performance-based earnout and is pending approval, with an expected close before the end of 2026. BVNK processes over $30 billion in annual stablecoin volume, and the acquisition marks a significant expansion of Mastercard’s digital asset payments integration.
Mastercard will acquire the stablecoin infrastructure company BVNK for $1.8 billion. This strategic move aims to connect blockchain payments with global fiat networks and expand digital asset capabilities.
The agreement includes up to $300 million in performance-based payments. The acquisition is pending approval and is expected to be completed by the end of 2026. Coinbase had previously walked away from a proposed $2 billion deal for BVNK in November 2025.
BVNK’s valuation grew rapidly from around $750 million due to rising demand for stablecoin infrastructure. The company, founded in 2021, processes more than $30 billion in annual stablecoin volume and operates in over 130 countries.
BVNK provides infrastructure that links fiat systems and blockchain networks for remittance, business payments, and tokenized assets. Its clients include Worldpay, Deel, and Flywire, and it has received investment from Visa, Citi, and Coinbase Ventures.
This acquisition continues Mastercard’s digital asset strategy, which recently included launching a Crypto Partner Program with over 85 partners. The company anticipates financial organizations will increase their digital currency offerings.
“The deal is a milestone in the industry,” stated BVNK CEO Jesse Hemson-Struthers. He added that the two companies will shape the future of money, emphasizing the need for interoperability in payment platforms.
The stablecoin market has grown substantially, with its total market capitalization now at $316.479 billion. This represents a 130% increase since 2024, driven by regulation and increased adoption.
