BlockBeats reported on Oct. 12 that venture investor Alex Lazarow said Stripe, Mastercard and Circle have acquired or agreed to acquire three stablecoin-related companies over the past two years in deals worth more than $3 billion combined.
The three targets were U.S. stablecoin infrastructure company Bridge, U.K.-based BVNK and Singapore cross-border payments platform Tazapay.
Lazarow wrote that all three companies were founded between 2020 and 2022 and had raised about $200 million in total, a sign that stablecoin payment infrastructure is becoming a priority area for both traditional payment giants and crypto companies.
Deal values were disclosed for all three transactions
Stripe announced in 2024 that it would acquire Bridge for slightly more than $1 billion. Mastercard’s acquisition of BVNK carried a total value of as much as $1.8 billion, including $1.5 billion in base consideration and $300 million in contingent consideration. Circle, for its part, agreed to acquire Tazapay in a $400 million stock deal that is expected to close in 2027.
Adoption, regulation and cross-border demand were cited as drivers
According to Lazarow, the main forces behind these acquisitions were the growth in stablecoin adoption, the gradual clarification of regulatory frameworks and rising demand for real-time cross-border payments.
He cited data showing that adjusted stablecoin transaction volume in 2025 rose 91% year over year to $10.9 trillion, close to Visa’s $14.2 trillion. Real-world payment volume also more than doubled to about $390 billion.
Buyers were also targeting scale, networks and compliance
Lazarow said the deals show that acquirers are not only interested in stablecoin technology itself. They are also buying proven business scale, payment networks and compliance licenses or credentials.
As stablecoin payment infrastructure matures, products and services tied to dollar accounts, stablecoin payment cards and cross-border remittances are also emerging. Lazarow added that more local infrastructure companies similar to Bridge and BVNK could become acquisition targets in different regions around the world.
