Stripe, Mastercard, and Circle acquire three stablecoin firms in $3 billion deals

Stripe, Mastercard, and Circle have acquired three stablecoin companies within two years, with total transaction values exceeding $30 billion. According to a report by Golden Finance on October 12, venture capitalist Alex Lazarow noted that over the past two years, Stripe acquired U.S.-based stablecoin infrastructure company Bridge, Mastercard acquired U.K.-based stablecoin infrastructure firm BVNK, and Circle acquired Singapore-based cross-border payment platform Tazapay—the three deals collectively valued at over $30 billion. Stripe announced in 2024 its acquisition of Bridge for slightly more than $1 billion; Mastercard’s acquisition of BVNK has a total value of up to $1.8 billion, comprising a base consideration of $1.5 billion and up to $300 million in contingent consideration; Circle agreed to acquire Tazapay for $400 million in stock, with the transaction expected to close in 2027. Bridge, BVNK, and Tazapay were founded between 2020 and 2022 and have collectively raised approximately $200 million in funding. The growth in stablecoin adoption, the evolving regulatory framework, and rising demand for real-time cross-border payments have been key drivers behind these acquisitions. In 2025, adjusted stablecoin transaction volume increased by 91% year-over-year to $10.9 trillion, approaching Visa’s $14.2 trillion; real-world payment volume more than doubled to approximately $390 billion.