Mizuho: Mastercard Expected to Become a "Connection Layer" Between Crypto and Fiat After BVNK Acquisition

SmartContractAuditor · 2026-03-25T22:56:22+00:00

Investment bank Mizuho stated that after Mastercard's acquisition of stablecoin company BVNK, it is expected to become a "network connector" between crypto assets and fiat currency systems. Stablecoins will accelerate its payment ecosystem, particularly in areas such as B2B cross-border payments. Mizuho maintains an "outperform" rating on Mastercard with a $666 price target, believing that stablecoins will complement the shortcomings of traditional bank cards.

SmartContractAuditor

2026-03-25 22:56:22

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Odaily Planet Daily reports that investment bank Mizuho states 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.

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, promoting faster, lower-cost, 24/7 fund flows.

Mizuho maintains a “beat the market” rating for Mastercard and sets a target price of $666. 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.

It is reported that Mastercard has agreed to acquire BVNK for up to $1.8 billion. This transaction is seen as an important step in extending its role as a “network connector,” 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.

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