Particle.news
Download on the App Store
13 ARTICLES
·
3h ago

Mastercard in Late-Stage Talks to Buy Zerohash for Up to $2 Billion

The reported deal would accelerate Mastercard’s push into stablecoin infrastructure during a wave of rival acquisitions.

Mastercard's stock has moved in response to reports of stablecoin interest from banks and large merchants like Amazon and Walmart.
Mastercard eyeing $2b deal to acquire stablecoin infrastructure firm zerohash
Image
Image

Overview

  • Multiple outlets report negotiations are advanced at a valuation of roughly $1.5–$2 billion, though the talks are not finalized and could still fall through.
  • Spokespeople for Mastercard, Zerohash and Coinbase declined to comment on the reported negotiations.
  • Founded in 2017 in Chicago, Zerohash provides APIs that power stablecoin payments, crypto trading and tokenization for financial firms.
  • Zerohash raised $104 million in September at about a $1 billion valuation, with backers including Interactive Brokers and Apollo, and it recently announced a partnership enabling Morgan Stanley’s E*Trade customers to trade Bitcoin, Ethereum and Solana.
  • The pursuit follows Stripe’s $1.1 billion purchase of Bridge and Coinbase’s exclusivity with BVNK, underscoring the race to control stablecoin payment rails.