Mastercard in Talks to Acquire Stablecoin Tech Firm Zerohash for Around $2 Billion

Mastercard is reportedly in advanced discussions to acquire Zerohash, a stablecoin infrastructure firm, for a deal valued between $1.5 billion and $2 billion. This potential acquisition follows recent reports of Mastercard and Coinbase being in late-stage talks to acquire stablecoin startup BVNK for approximately the same price. The growing interest in stablecoin technology is evident as several financial services firms seek to enhance their operations. The stablecoin market has seen significant growth, with a total market cap increase of around $100 billion this year, driven in part by favorable regulatory changes and heightened interest from traditional finance companies. Market analysts predict the stablecoin market could reach a valuation of $750 billion by 2026. Zerohash, which recently collaborated with Morgan Stanley to enable trading for ETrade customers, has raised substantial funding and aims to play a crucial role in the evolving digital finance landscape.

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