Zerohash, paid for by a large company, “competing” for stabilization currency technology

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In a more friendly political and regulatory environment, developments in the area of currency stabilization over the past year have been evaporating, with a market size of over $30 billion. Payment giants in traditional finance, banks and financial technology companies, among others, are accelerating the deployment of stable currencies, especially by paying companies, which are gradually being integrated into their systems. In addition, a series of other risky investment and acquisition negotiations followed the purchase of Stripe at $1.1 billion to stabilize the initial company Bridge。

On 30 October, sources revealed that Mastercard had entered the later stage of negotiations for the acquisition of a stabilization currency infrastructure start-up company, Zerohash, at a purchase price of between $1.5 billion and $2 billion。

The payment giant Mastercard has long been active in the area of encrypted currency, including the acquisition of block chains in 2021, CipherTrace. However, Mastercard then shut down a number of key products of Cipher Trade. However, MasterCard has long recognized the potential for a stable currency, and in recent months MasterCard has further increased its investment in the currency, including joining a coalition focused on the technology, Global Dollar Network, which also includes Robinood and Kraken。

This acquisition will mark the largest investment of MasterCard in encrypted and stable currencies, highlighting the deep embrace of block chain technology by traditional payment agencies. However, sources have revealed that there is still a risk that the transaction will fail。

Zerohash was established in 2017, with its headquarters in Chicago, to develop infrastructure to stabilize currency and block chains, enabling companies such as Mastercard and other financial companies to provide services such as encrypted money transactions, trusteeship and pledge。

Zerohash worked with Morgan Stanley in September, and Morgan Stanley will provide encrypted currency transactions on his trading platform E-Trade from the first half of 2026. In addition, Zerohash completed a round of $104 million in financing in September, valued at $1 billion. This round of financing is carried out by financial institutions such as IBKR.O. Morgan Stanley and SoFi. Strategic investors also include Zerohash clients, and Apollo funds are involved in the current round。

It's worth mentioningFortuneIt was reported that, prior to MasterCard's acquisition of Zerohash's potential deal, MasterCard and Coinbase had held later negotiations on the acquisition of the stabilization currency initial company BVNK at approximately $2 billion. Three sources revealed that Coinbase seemed to have won the fight and signed an exclusive agreement with BVNK。

Bridge and BVNK, like Bridge and BVNK, which are part of the stabilization currency infrastructure, are more focused on stabilizing currency than Zerohash, allowing companies to use encrypted currencies such as USDC and Tether for global payroll and fund management applications. Zerohash, on the other hand, offers a wider range of products, including helping companies build their own secure currency trading platforms and APIs for monetization, or sealing traditional financial assets into block chains。

Under the trend towards a shift from traditional payments to digital assets, Mastercard has acquired a stable currency infrastructure start-up company, Zerohash, or premonition “ paid the war to a full shift to block chains ” and stabilized currency or a new global payment pillar. But the infrastructure that underpins this future is still premature, and large companies such as Mastercard and Stripe will or will continue to seek to help them build start-ups for new products。

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