Tag: Brazil

Mastercard Completes BVNK Acquisition to Expand Stablecoin Payment Infrastructure

Key highlights: Mastercard has added BVNK to its growing portfolio after completing a major acquisition The deal will complement Mastercard’s growing ambitions to offer advanced stablecoin payment functionality The exact valuation of the acquisition is unknown, but sources say it is in the region of $1.8 billion Mastercard has completed its acquisition of stablecoin infrastructure […]

IMF Warns Brazil’s Stablecoin Market Is Growing Faster Than Traditional Capital Flows

Key highlights: The IMF says Brazil’s dependency on stablecoins could have far-reaching effects for the broader economy. Stablecoins have led Brazil’s crypto market growth for nearly 10 years, with dollar-denominated assets leading the charge. Tether’s USDT holds a sizable share of the market, followed by Circle’s USDC. The International Monetary Fund (IMF) has called for […]