Mastercard stated that it will acquire the startup "BVNK" specializing in stablecoin infrastructure for $1.8 billion.
The announcement from Mastercard came four months after the breakdown of negotiations between BVNK and Coinbase Global Inc regarding a deal that was valued at around $2 billion.
The two companies clarified in a statement on Tuesday that the purchase price includes a tranche of $300 million as contingent payments, according to Bloomberg.
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