Mizuho: Mastercard Expected to Become Crypto-to-Fiat Bridge After BVNK Acquisition

Gate News, March 25 — Investment bank Mizuho released a research report stating that after acquiring stablecoin infrastructure company BVNK, Mastercard is expected to become a “network connector” linking digital assets and fiat currency systems, further expanding its payment ecosystem.

The analysis indicates that stablecoins will not weaken Mastercard’s core card payment business but will instead serve as an “accelerator” for its network, especially in B2B cross-border payments, remittances, and creator and gig economy sectors, enabling faster, lower-cost, 24/7 fund transfers.

Mizuho maintains a “buy” rating for Mastercard and sets a target price of $666. The analysts believe that in these emerging scenarios, traditional bank card penetration remains relatively low, and stablecoins are expected to fill this gap, with card payments continuing to be the primary consumer-facing entry point.

Mastercard has agreed to acquire BVNK for up to $1.8 billion. This deal is seen as an important step in extending its role as a “network connector,” now expanding into the conversion and settlement between stablecoins and fiat currencies. Against the backdrop of gradually easing regulatory environments and traditional payment giants like Visa and Stripe accelerating their stablecoin strategies, stablecoins are becoming a key growth area in the global payment system.