Mastercard plans to acquire the stablecoin infrastructure startup BVNK for up to $1.8 billion

According to Bloomberg, Mastercard plans to acquire the stablecoin infrastructure startup BVNK for up to $1.8 billion, which includes $300 million in contingent consideration. This acquisition news comes just four months after the failed merger talks between BVNK and Coinbase, which were valued at about $2 billion. Both parties jointly issued a statement on Tuesday confirming the transaction.