Mastercard moves to buy Zerohash, putting $2 billion on the table for direct stablecoin infrastructure.

Mastercard is in advanced talks to purchase Zerohash for $2 billion, accelerating its global stablecoin payment network and B2B infrastructure integrations.

Mastercard negotiates to buy Zerohash for $1.5-2 billion. Discussions reach late stage. The deal could fail. Sources report five parties involved in talks. No official comments from either company.

Zerohash Profile

Zerohash operates from Chicago, founded in 2017. It builds blockchain infrastructure for payments and trading. Services include crypto custody, wallet-as-a-service, and asset tokenization. Firm raised $104 million in September 2025 at $1 billion valuation. Backers include Apollo Global and Bain Capital.

Payments Competition

Mastercard lost prior bid for BVNK, valued at $2 billion, to Coinbase. Stripe acquired Bridge for $1.1 billion earlier. Visa handles $2.5 billion in annualized stablecoin settlements. Visa runs over 130 card programs across 40 countries.

Strategic Push

Acquisition targets stablecoin infrastructure growth. Mastercard aims to integrate crypto into traditional payments. Deal reflects 2025 surge in tokenization and cross-border rails.