Mastercard Takes Aim at Stablecoin Market: Zero Hash Acquisition in the Works
According to reports, Mastercard (MA) is interested in purchasing blockchain infrastructure firm Zero Hash. The action was taken as the stablecoin payments industry continues to see increased competition. According to reports, the international payments and card company is in final negotiations to buy the cryptocurrency company. The purchase might be worth between $1.5 billion and $2 billion, according to sources familiar with the situation.
Zero Hash Powers Global Tokenized Payments for Major Institutions
The announcement comes as stablecoins—cryptocurrencies linked to fiat currency like the US dollar—have become the next big thing in international payments. By settling on blockchains and bypassing banks, these digital tokens aim to offer a faster and more cost-effective alternative to conventional railroads. In this regard, Zero Hash has become one of the unseen forces driving the worldwide financial tokenization trend. With the help of products like Hamilton Lane’s HLPIF, Franklin Templeton’s BENJI Token, and BlackRock’s BUIDL, the company’s API systems handle billions of dollars’ worth of digital asset transactions. Without developing proprietary systems, its architecture allows banks and asset managers to tokenize funds and carry out blockchain-based settlements.
Mastercard Misses Chance in Competitive BVNK Auction
Following Mastercard‘s previous pursuit of BVNK, a stablecoin business situated in London that attracted substantial interest from several prominent players, this action was taken. Coinbase apparently outbid Mastercard and won an exclusive deal with BVNK for about $2 billion and more. The business now appears resolved to avoid falling behind in the quickly expanding stablecoin infrastructure industry, despite having lost that chance.
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