Mastercard Buys Stablecoin Plumbing

New York$1.8 billion bought the pipe, not a coin.

Card networks are moving to own cross-border settlement rather than compete with it.

Mastercard acquired BVNK, whose stablecoin rails move dollars into emerging markets, joining rival payment networks chasing the $300 billion market.

Remittance corridors across South Asia and Africa now price through these same incumbents.

Sources: CoinDesk