Mastercard has completed its acquisition of stablecoin infrastructure provider BVNK in a deal valued at up to $1.8 billion. The transaction brings together Mastercard’s global payments network and BVNK’s onchain infrastructure, with the aim of linking digital assets more closely to traditional fiat payment rails.
The company said the combination is intended to support wider use of stablecoins and tokenized assets across cross-border business payments, payouts, settlement and treasury operations. Mastercard is positioning the acquisition as part of a broader effort to give banks, fintech firms and enterprises additional tools for moving money across both digital and conventional systems.
BVNK said it has now formally become part of Mastercard, while existing customers will continue using the same teams, products and integrations. The company indicated that no immediate action is required from clients as the integration moves forward.
The deal could help banks offer stablecoin-based payment services and allow customer accounts to connect more easily with digital wallets. It may also give payment providers the ability to settle merchant transactions continuously, rather than only during traditional banking hours.
BVNK also said Mastercard’s scale and international reach should strengthen its card-related capabilities and cross-border transfer services. For Mastercard, the acquisition adds infrastructure that could deepen its role in emerging digital payment flows while preserving its core position in global card and settlement networks.
Mastercard agreed in March to buy BVNK for as much as $1.8 billion, including $300 million in contingent payments. The transaction follows a previously proposed $2 billion deal between Coinbase and BVNK that was abandoned in November 2025 after reaching the due diligence stage.Japan’s economy minister, Minoru Kiuchi, said on Tuesday that the broader impact of higher goods costs has not yet been fully passed through to consumers. He said the government and the Bank of Japan are continuing to coordinate closely as they seek to secure a stable and sustainable 2% inflation rate.
Kiuchi pointed to June’s overall consumer price data as evidence that price increases remain moderate on a year-on-year basis. Even so, he warned that policymakers need to remain alert to the possibility that food-related cost pressures could continue to feed into prices from the summer into the autumn.
He said the government shares the central bank’s view that inflation is likely to quicken in the second half of the year before easing later on. The minister added that monetary policy should be conducted in a way that supports a durable return to the BoJ’s inflation target, while maintaining close communication between the bank and the government.
Kiuchi also said he would not comment on any specific exchange-rate level, but emphasized that authorities are monitoring the effects of foreign-exchange movements on the broader economy and on prices. His remarks did not trigger an immediate move in the yen.
At the time of writing, the dollar was trading near ¥157.65, close to the session high. The currency market has been sensitive to signals about inflation, policy timing, and the pace of further normalization by the Bank of Japan.
