Mastercard Nears $2 Billion Acquisition of Zerohash for Stablecoin Expansion
Mastercard is reportedly in advanced talks to buy Zerohash for up to $2 billion, signaling one of its largest moves into blockchain and stablecoin infrastructure.
Mastercard is in advanced discussions to acquire stablecoin infrastructure firm Zerohash in a deal valued up to $2 billion, according to unnamed sources cited by Fortune. Zerohash, founded in 2017 and based in Chicago, provides API-driven services enabling businesses to integrate cryptocurrencies, stablecoins, and real-world asset tokenization. The acquisition would advance Mastercard’s blockchain payments strategy as it competes with Visa, Stripe, and Coinbase, all of which are expanding in stablecoin and tokenization infrastructure. The deal, if finalized, would rank among Mastercard’s largest bets in the digital asset sector to date.
- Stablecoin: A cryptocurrency designed to maintain a stable value by pegging its price to a reserve asset such as the US dollar.
- Zerohash: A digital asset infrastructure provider offering settlement, custody, and compliance services for cryptocurrencies and stablecoins.
- Tokenization: The process of converting rights to an asset into a digital token that can be stored, transferred, or traded on a blockchain.