Mastercard to acquire stablecoin startup BVNK for up to $1.8B

Mastercard has announced it will acquire stablecoin infrastructure startup BVNK for up to $1.8 billion. According to Bloomberg, the two companies said in a statement today that the deal includes $300 million in contingent payments. BVNK had previously been in acquisition talks with Coinbase for around $2 billion, but the negotiations were halted last November.