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Mastercard Plans to Acquire Stablecoin Infrastructure Startup BVNK for up to $1.8 Billion
Deep Tide TechFlow News, on March 17, according to Bloomberg, Mastercard plans to acquire stablecoin infrastructure startup BVNK, with a transaction value of up to $1.8 billion, including $300 million in contingent consideration. This acquisition news comes just four months after the merger talks between BVNK and Coinbase, which valued the deal at around $2 billion, fell apart. Both parties jointly issued a statement on Tuesday confirming the transaction.