Mastercard deepens stablecoin push with up to $1.8 billion BVNK acquisition

By Prakhar Srivastava and Arasu Kannagi Basil March 17 (Reuters) - Mastercard said on Tuesday it would buy stablecoin payments infrastructure firm BVNK for up ‌to $1.8 billion, as the card giant deepens its push into blockchain-based ‌transfers. Increasing regulatory clarity and broader usage of stablecoins have created opportunities for card networks to expand ​beyond traditional cards into faster, lower-cost digital payment systems. Mastercard and rival Visa are competing to establish an early lead in ...