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Mastercard is negotiating to buy the crypto startup Zerohash for about $1.5 to $2 billion. This move aligns with its strategy to enhance its stablecoin capabilities and follows its failed acquisition talks with BVNK, which Coinbase ultimately secured.
Coinbase and Mastercard are in a bidding war for the stablecoin startup BVNK, with the sale price estimated between $1.5 billion and $2.5 billion. Following the recent passage of the GENIUS Act, interest in stablecoin firms has surged, positioning Coinbase as the frontrunner in the acquisition.