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[SITUATION] · [QUIET] · [BUSINESS]

2 clusters · 4 sources · 5 days · First seen · Last updated

Mastercard acquisition of BVNK and stablecoin integration

Overview

Mastercard has completed its acquisition of BVNK, a stablecoin payments platform, in a deal valued at approximately $1.5 billion plus up to $300 million in contingent payments. The acquisition is intended to expand Mastercard’s infrastructure for moving value across fiat currencies and digital assets, specifically supporting stablecoin use cases in cross-border B2B payments, remittances, and settlement.

Following the acquisition, BVNK integrated the Stellar network into its infrastructure. This integration allows enterprise customers to access Stellar via a single API to facilitate high-volume, low-cost stablecoin transfers across more than 130 markets. The capability supports functions such as treasury management and cross-border payments, with documentation indicating that USDC on the Stellar network is available for customers in the United States.

Entities

BVNK · Mastercard · Visa Direct · USDC · Stellar

Timeline

  1. [BUSINESS] 2 sources
    Nuvion and Mastercard expand global digital and cross-border payment capabilities

    Nuvion is partnering with Visa Direct to accelerate global business payouts, while Mastercard has finalized its $1.5 billion acquisition of BVNK to expand its stablecoin and digital asset capabilities.

  2. [BUSINESS] 2 sources
    BVNK integrates Stellar network into stablecoin payments platform

    BVNK, owned by Mastercard, has integrated the Stellar network into its stablecoin payments platform, enabling enterprise customers to conduct low-cost cross-border payments across 130+ markets.

Sources

coingape.com · cryptocurrencynews.com · neweconomy.jp · tokenpost.com