Mastercard was a casualty of the AI scare trade. This deal could turn it around

Mastercard was a casualty of the AI scare trade. This deal could turn it around

Mastercard is acquiring stablecoin infrastructure firm BVNK for $1.8 billion — a long-term play that could transform the one-time casualty of the so-called artificial intelligence and stablecoin disruption trades into a beneficiary of both emerging tech trends. The acquisition will enable Mastercard to process stablecoin-denominated transactions, the payments company said Tuesday in a statement. Over…

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