Mastercard to Buy Stablecoin Startup BVNK for Up to $1.8 Billion

Mastercard said it agreed to buy BVNK, a stablecoin payment startup, for up to $1.8 billion, including $300 million in contingent payments, in its biggest bet that more companies will use the cryptocurrency to move money globally.

With the acquisition, Mastercard is defending against the threat ...