{"id":95311,"date":"2026-03-17T17:50:59","date_gmt":"2026-03-17T14:50:59","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=95311"},"modified":"2026-03-17T17:55:24","modified_gmt":"2026-03-17T14:55:24","slug":"mastercard-to-acquire-bvnk-for-1-8-billion","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/mastercard-to-acquire-bvnk-for-1-8-billion\/","title":{"rendered":"Mastercard to Acquire BVNK for $1.8 Billion"},"content":{"rendered":"<p>Payment system Mastercard has <a href=\"https:\/\/www.businesswire.com\/news\/home\/20260317174940\/en\/Mastercard-to-Acquire-BVNK-to-Connect-On-Chain-Payments-and-Fiat-Rails\">reached an agreement<\/a> to acquire the stablecoin startup BVNK. The deal could be valued at up to $1.8 billion.<\/p>\n<p>The amount includes $300 million in conditional payments. The acquisition aims to integrate blockchain solutions with traditional payment systems.<\/p>\n<p>The company noted increasing demand from banks and fintech services for operations with &#8220;stablecoins&#8221; and <span class='old_tooltip' data-descr='tokenized'>tokenized<\/span> deposits. Mastercard plans to ensure compatibility between fiat and digital currencies while adhering to security and compliance standards.<\/p>\n<p>Mastercard&#8217;s Chief Product Officer Jorn Lambert stated that the deal will allow the addition of &#8220;on-chain rails&#8221; to the company&#8217;s global network. This will accelerate transactions and introduce payment programmability.<\/p>\n<p>Founded in 2021, the startup BVNK specializes in gateways between fiat and cryptocurrencies, supporting transfers in over 130 countries.<\/p>\n<p>The parties expect to close the deal by the end of the current year, pending necessary regulatory approvals.<\/p>\n<p>In November 2025, Coinbase and BVNK <span class='old_tooltip' data-descr='declined'>declined<\/span> a $2 billion acquisition deal. The decision was mutual, but reasons were not disclosed.<\/p>\n<h2 class=\"wp-block-heading\">PayPal and PYUSD<\/h2>\n<p>Payment giant PayPal has <a href=\"https:\/\/newsroom.paypal-corp.com\/2026-03-17-PAYPAL-BRINGS-PAYPAL-USD-TO-USERS-ACROSS-70-MARKETS\">expanded<\/a> the geographical use of the stablecoin <span class='old_tooltip' data-descr='PayPal USD'>PYUSD<\/span>. The asset has become available to customers in 70 markets.<\/p>\n<p>The list includes countries in the Asia-Pacific region, Europe, Latin America, and North America, such as the United Kingdom, Singapore, Colombia, and Canada. Access for other supported regions will open in the coming weeks.<\/p>\n<p>Users have gained the ability to:<\/p>\n<ul class=\"wp-block-list\">\n<li>buy, store, and send PYUSD through their PayPal account;<\/li>\n<li>transfer the asset to external wallets;<\/li>\n<li>convert the &#8220;stablecoin&#8221; into local currencies for withdrawal.<\/li>\n<\/ul>\n<p>In certain jurisdictions, customers will receive rewards for holding coins on their balance.<\/p>\n<h2 class=\"wp-block-heading\">Delphi Digital on Stablecoins<\/h2>\n<p>The supply of &#8220;stablecoins&#8221; has exceeded $306 billion, despite a drop in bitcoin prices and a decline in spot trading volumes. The main growth driver is emerging markets, where fiat-pegged assets have become the cheapest alternative to the dollar, according to a report by Delphi Digital.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"zxx\" dir=\"ltr\"><a href=\"https:\/\/t.co\/mqjoUxZ9Lu\">https:\/\/t.co\/mqjoUxZ9Lu<\/a><\/p>\n<p>\u2014 Delphi Digital (@Delphi_Digital) <a href=\"https:\/\/twitter.com\/Delphi_Digital\/status\/2033589260205359605?ref_src=twsrc%5Etfw\">March 16, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Analysts noted that when sending money to Argentina, total losses on fees and spreads reach 8%. More than 80% of this amount is unrelated to currency conversion\u2014it is the cost of maintaining outdated correspondent banking infrastructure.<\/p>\n<p>Traditional cross-border settlements pass through a chain of intermediaries. Financial institutions are forced to maintain bilateral accounts and freeze liquidity to ensure transactions. Each intermediary takes its fee, and the settlement cycle extends over several days.<\/p>\n<p>According to experts:<\/p>\n<ul class=\"wp-block-list\">\n<li>A SWIFT transfer from the US to Turkey costs $25-$60 and takes up to three days;<\/li>\n<li>stablecoins execute the same payment for less than a cent (excluding gateway fees).<\/li>\n<\/ul>\n<p>In popular currency pairs like USD\/EUR, infrastructure costs account for about 17% of the total. For Argentina and Nigeria, this figure soars to 81-83%. In these corridors, the cost of maintaining banking &#8220;rails&#8221; often exceeds the risks of currency exchange rate fluctuations.<\/p>\n<p>Stablecoins eliminate intermediaries and the need for pre-funding in local currencies.<\/p>\n<p>The next stage of technology adoption will be corporate treasuries. Multinational companies will be able to manage liquidity around the clock, independent of banking operating hours.<\/p>\n<p>The main obstacle remains the gateways for fund input and output. Interaction with fiat still depends on bank transfers, compliance, and outdated payment processing schedules.<\/p>\n<p>Delphi Digital experts conclude: stablecoins will not replace the global currency market overnight. Major pairs are deeply liquid and well-served by banks. However, in countries where infrastructure costs are excessive and banks have ceased to compete, &#8220;stablecoins&#8221; effectively replace a non-functioning financial system.<\/p>\n<p>Back in March, billionaire Stanley Druckenmiller <span class='old_tooltip' data-descr='stated'>stated<\/span> that stablecoins could become the foundation of a global payment system within the next 10-15 years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Payment system Mastercard has reached an agreement to acquire the stablecoin startup BVNK. The deal could be valued at up to $1.8 billion.<\/p>\n","protected":false},"author":1,"featured_media":95312,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Mastercard to acquire stablecoin startup BVNK for $1.8 billion.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[83,70,182,1481,807],"class_list":["post-95311","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-business","tag-mastercard","tag-paypal","tag-pyusd","tag-stablecoins"],"aioseo_notices":[],"amp_enabled":true,"views":"133","promo_type":"1","layout_type":"1","short_excerpt":"Mastercard to acquire stablecoin startup BVNK for $1.8 billion.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/95311","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=95311"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/95311\/revisions"}],"predecessor-version":[{"id":95313,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/95311\/revisions\/95313"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/95312"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=95311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=95311"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=95311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}