Mastercard Eyes $2B Zerohash Deal in Bold Stablecoin Push
Mastercard is in advanced negotiations to acquire Zerohash, a crypto infrastructure firm, in a deal valued between $1.5 billion and $2 billion. The acquisition underscores Mastercard's strategic pivot toward blockchain-powered payment systems and stablecoin dominance. Zerohash, founded in 2017, provides APIs for stablecoin integration, crypto trading, and asset tokenization—key components for Mastercard's blockchain ambitions.
The Chicago-based startup recently raised $104 million at a $1 billion valuation, backed by heavyweights like Apollo and Point72 Ventures. This funding round accelerated Zerohash's product expansion, making it an attractive target for payment giants seeking crypto infrastructure. The MOVE signals intensifying competition among traditional financial institutions to capture market share in digital asset settlement.
