NewsHK
The push by global card networks to embed stablecoin infrastructure into mainstream finance is moving from intent to execution.
Mastercard completed its $1.8 billion acquisition of BVNK, the digital-asset payments firm, with the company saying the deal would help banks, fintechs and enterprises expand stablecoin payments, payouts, settlement and treasury services.
What the BVNK deal adds BVNK's platform sits between traditional financial institutions and digital-asset rails.
The acquisition hands Mastercard a ready-built route into stablecoin-denominated flows for an existing client base spanning banks modernizing settlement operations, fintechs building cross-border products, and enterprises managing treasury across currencies.
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