Mastercard Agrees $1.8B Deal for BVNK — Biggest Bet on Stablecoin Payments Infrastructure

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Mastercard announced a deal to acquire BVNK, a stablecoin and multi-rail payments infrastructure platform, for up to $1.8 billion. BVNK operates cross-border payment rails that support both fiat and stablecoin settlement, positioning Mastercard to compete with Stripe, Visa, and PayPal PYUSD as enterprise stablecoin payment volume scales. The acquisition closes simultaneously with PayPal expanding PYUSD to 70 markets and Visa launching agent-initiated payment trials with UK and European banks.