Mastercard Eyes $2 Billion Deal for Stablecoin Infrastructure Startup Zerohash

Mastercard is reportedly in advanced talks to purchase crypto infrastructure company Zerohash in a deal valued at nearly $2 billion, Fortune reported Wednesday, citing multiple sources familiar with the matter.

While the agreement is not yet finalized, it would mark one of Mastercard’s most significant moves into the digital asset space to date.

Based in Chicago, Zerohash provides blockchain infrastructure and stablecoin payment solutions that enable companies to offer crypto trading and settlement services. If completed, the acquisition would strengthen Mastercard’s foothold in the expanding stablecoin sector — a space where it competes closely with Visa.

The stablecoin market has seen explosive growth over the past year, driven by surging institutional adoption. These dollar-pegged tokens have become attractive for payments due to their low fees and faster processing times compared with traditional credit cards, which often charge up to 3.5% in fees and take days to settle.

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Neither Mastercard nor Zerohash has publicly commented on the potential acquisition. Zerohash previously raised $104 million in funding as of September 2025, attracting backing from major financial players such as Morgan Stanley and SoFi.

If the deal goes through, it would signal a major step in Mastercard’s strategy to integrate blockchain technology and stablecoin payment rails into its global financial network.