According to CoinMeta, Mastercard has announced the completion of its acquisition of the stablecoin infrastructure company BVNK for a transaction amount of $1.8 billion. This acquisition will combine Mastercard’s global network with the on-chain infrastructure of BVNK with the aim of connecting fiat currencies with digital currencies, and to help banks, fintech companies, and enterprises expand stablecoin payments, settlements, and financial services. BVNK stated that customers will continue to use the same team, products, and integrations without the need to take any additional actions.