Mastercard (NYSE:MA) shares are up on Tuesday as the company announced a definitive agreement to acquire BVNK, a leader in stablecoin infrastructure, for up to $1.8 billion. T

The acquisition price includes $300 million in contingent payments aimed at enhancing Mastercard’s support for digital assets and payment solutions.

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The acquisition of BVNK is expected to bolster Mastercard’s capabilities in the digital currency space. This will allow for faster and smarter money movement across various currencies and regions.

The deal will enable Mastercard to connect these digital payment solutions seamlessly with existing fiat rails, ensuring security and compliance standards are maintained.

The company expects the transaction to close before the end of the year, subject to customary closing conditions.

With BVNK’s expertise, Mastercard aims to provide a more interoperable and accessible payment network that can handle the increasing demand for digital assets.

This move comes as digital currency payment use cases are projected to reach at least $350 billion in volume by 2025, highlighting the growing importance of stablecoins and tokenized deposits in the financial landscape.

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