Zero Hash specialized in providing stablecoin payment infrastructure and raised $104m led by Interactive Brokers, Morgan Stanley in September. The move comes as Mastercard might be losing out against Coinbase on bidding for crypto payments firm BVNK.
| less than a minute read
Mastercard eyes Zero Hash acquisition for nearly $2b bet on stablecoins
Zero Hash, which has specialized on providing stablecoin payment infrastructure, processed $2 billion in tokenized fund flows in the first four months of the year amid rising institutional demand for on-chain assets, the firm told Coindesk in April. The startup raised $104 million led by Interactive Brokers and Morgan Stanley in September.
