Mastercard said it has completed its acquisition of stablecoin infrastructure company BVNK to expand its global stablecoin services. According to Odaily, Mastercard’s chief product officer said the next-generation payments model in a multimonetary world will depend on the connectivity of different rails, and BVNK’s on-chain infrastructure and stablecoin-native technology will help financial institutions, fintech companies, and businesses scale stablecoin use cases in cross-border B2B payments, remittances, settlement, and treasury flows. Earlier reports said Mastercard planned to buy BVNK for as much as $1.8 billion.