Mastercard said in an official statement that it agreed to acquire stablecoin infrastructure firm BVNK for up to $1.8 billion, including $300 million in contingent payments, and expects to close the deal by year-end. The update adds that BVNK processes about $25 billion-$30 billion in annual stablecoin payment volume across more than 130 countries and regions. Mastercard has positioned the acquisition as an expansion of its digital asset and cross-border payment infrastructure capabilities.