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JUST IN: Mastercard's $1.8 billion acquisition of BVNK not only marks the largest acquisition in stablecoin infrastructure history.
It also suggests that, for one of the world's leading payments companies, the time for building from scratch is over and that the true value of the sector lies in licensing, compliance, and the ability to operate at a global scale.
Mastercard agreed to pay $1.8 billion for BVNK, more than double its previous valuation of $750 million.