Mastercard is in advanced talks to acquire zerohash, a crypto and stablecoin infrastructure startup, for $1.5 billion to $2 billion. Earlier, Mastercard explored acquiring BVNK for $2 billion but was outbid by Coinbase. Zerohash enables embedding of crypto and stablecoins into existing platforms and powered $2 billion in tokenized fund flows recently.

Global payments companies are diving into stablecoins after US and Europe passed stablecoin legislation. PayPal expanded its PayPal USD stablecoin to new blockchains. Stripe introduced Open Issuance tool for minting stablecoins and announced Tempo blockchain for global payments. Visa announced support for stablecoins across four new blockchains.

Visa, Mastercard, PayPal, and Stripe are all striving to enter the stablecoin market by supporting and expanding the use of stablecoins on various blockchains. This move comes after regulatory developments in the US and Europe have paved the way for increased adoption of stablecoins by major payment companies.

Read more at Cointelegraph: Mastercard Eyes $2B ZeroHash Acquisition: Report