Mastercard Acquires Crypto Startup Zerohash for $2 Billion

Mastercard has agreed to purchase the crypto and stablecoin infrastructure startup, Zerohash, for up to $2 billion. This strategic move significantly strengthens Mastercard’s presence in the rapidly growing areas of stablecoins and tokenization. The acquisition is expected to reshape the stability of payment systems by boosting liquidity and streamlining settlement processes for users of popular coins like USDC and USDT.