Mastercard plans to acquire stablecoin infrastructure startup BVNK for up to $1.8 billion

ChainCatcher news, according to Bloomberg, Mastercard plans to acquire the stablecoin infrastructure startup BVNK, with the transaction amount reaching up to $1.8 billion, including $300 million in contingent consideration. This acquisition comes just four months after BVNK's $2 billion merger negotiations with a certain exchange broke down. Both parties jointly issued a statement on Tuesday confirming the transaction.