Mizuho: Mastercard is expected to become a connection layer between encryption and fiat after acquiring BVNK

Investment bank Mizuho said that after acquiring stablecoin infrastructure company BVNK, Mastercard is expected to become a "network connector" connecting crypto assets and the fiat system, further expanding its payment ecosystem. Analysis pointed out that stablecoins will not weaken Mastercard's core card payment business, but will instead become an "accelerator" for its network, especially in the fields of B2B cross-border payments, remittances, and creator and gig economy, promoting faster and lower costs., 7×24 hours of capital flow. Mizuho maintains its "Outperform" rating on Mastercard and gives a target price of $666. Analysts believe that in the above emerging scenarios, the penetration rate of traditional bank cards is still low, and stablecoins are expected to fill this gap, while card payments will remain the core entry point for consumers. It is reported that Mastercard has agreed to acquire BVNK for up to US$1.8 billion. The transaction is seen as an important step in continuing its role as a "network connector", and this time it will expand its business to conversion and settlement between stablecoins and fiat currencies. Against the background of the gradual relaxation of the regulatory environment and the accelerated deployment of stablecoins by traditional payment giants such as Visa and Stripe, stablecoins are becoming an important growth direction for the global payment system.