Mastercard said it completed its acquisition of crypto payments infrastructure firm BVNK on Aug. 3 in a deal worth about $1.8 billion, marking a direct move into the core plumbing behind stablecoin payments. According to the company’s announcement, the transaction makes Mastercard the first large publicly listed payment network to buy a stablecoin infrastructure provider outright rather than connect to one through a partnership. BVNK provides fiat and digital asset payment services for businesses across more than 130 countries, processes roughly $30 billion on an annualized basis, and grew about 2.3x during 2025. Mastercard said bringing that network in-house gives it a ready-made bridge between fiat and digital currencies without having to build the system from scratch. The company’s move comes as the stablecoin market has grown past $309 billion, with more cross-border payments and corporate settlements starting to use stablecoins.
Mastercard said it completed its acquisition of crypto payments infrastructure provider BVNK on Aug. 3, in a deal valued at about $1.8 billion.
In its official announcement, Mastercard said the deal makes it the first large publicly listed payment network to directly acquire stablecoin infrastructure rather than access it through a partnership.
BVNK processes about $30 billion annually across more than 130 countries
BVNK provides businesses with payment services spanning fiat currencies and digital assets. Its operations cover more than 130 countries, and its annualized processing volume is about $30 billion. Mastercard also said BVNK grew about 2.3x during 2025.
By bringing an existing stablecoin payments network under its umbrella, Mastercard gains an immediate link between fiat and digital currencies instead of building that capability from the ground up.
Stablecoin market has passed $309 billion
Mastercard’s announcement tied the acquisition to a stablecoin market that has already surpassed $309 billion. As more cross-border payments and corporate settlements start moving through stablecoins, traditional payment networks are being pushed to adapt their rails to support that demand.
In the article, Mastercard’s decision to use an acquisition to enter the segment was described as one of the clearest signals yet that traditional payments infrastructure is being rebuilt around stablecoins.
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