Mastercard Acquires Stablecoin Firm BVNK in $1.8 Billion Deal

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Payments giant Mastercard has agreed to acquire stablecoin startup BVNK in a deal valued at $1.8 billion. BVNK, which specializes in stablecoin-based payment infrastructure, attracted early backing from investor Concentric, among others. Concentric has since offered an insider perspective on the startup's growth trajectory leading up to the acquisition. The deal marks a significant move by Mastercard into the stablecoin and digital payments space.

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