Early BVNK investor Concentric shares a fascinating inside view on the stablecoin startup’s journey and the eventual Mastercard deal. Mastercard recently closed its acquisition of stablecoin infrastructure firm BVNK for $1.8 billion. The deal followed intense competition from Coinbase and Visa, with BVNK ultimately favoring Mastercard over a reportedly higher Coinbase offer because of better cultural fit and strategic alignment. The acquisition underscores how major payments players, including…
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