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3w ago

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

Any agreement would require change‑of‑control approvals in the U.S. and Europe before it could close.

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
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mastercard

Overview

  • Fortune reports Mastercard is negotiating to acquire Zerohash for $1.5–$2 billion, with both companies declining to comment and sources warning the talks could still collapse.
  • The push follows Mastercard’s earlier pursuit of BVNK, where Coinbase entered an exclusivity agreement, underscoring a broader race to lock down stablecoin infrastructure.
  • Founded in 2017, Chicago‑based Zerohash provides APIs for stablecoin payments, crypto trading, and tokenization, raised $104 million at a ~$1 billion valuation in September, and supports flows for issuers such as BlackRock and Franklin Templeton.
  • Regulatory clearances would be needed for a change of control across state regimes, the NYDFS, and European authorities under MiCA, a process that could take months.
  • Rising institutional use of stablecoins and recent policy clarity under the GENIUS Act have accelerated deals in this space, including Stripe’s $1.1 billion purchase of Bridge and expansions by Visa and PayPal.