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One platform for global traditional assets
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Mastercard Plans to Acquire Stablecoin Infrastructure Startup BVNK for Up to $1.8 Billion
According to Bloomberg, Mastercard plans to acquire stablecoin infrastructure startup BVNK for a transaction amount of up to $1.8 billion, which includes $300 million in contingent consideration. This acquisition announcement comes just four months after BVNK's merger and acquisition talks with Coinbase, valued at approximately $2 billion, fell through. Both parties jointly issued a statement on Tuesday confirming the transaction.