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Mastercard Aims to Acquire Crypto-Stablecoin Startup Zerohash

Crypto News

Mastercard is reportedly close to acquiring crypto and stablecoin infrastructure startup zerohash.

The companies are in late-stage talks on a $1.5 billion to $2 billion acquisition, though the deal could still fall through, Fortune reported Wednesday (Oct. 29), citing unnamed sources.

Reached by PYMNTS, zerohash said in an emailed statement: “We don’t comment on rumors or speculation about our business.”

Mastercard declined to comment on the report.

According to the Fortune report, zerohash supports companies’ efforts around stablecoins, crypto trading platforms and application programming interfaces for tokenization.

Zerohash announced in a Sept. 22 press release that it raised $104 million in new funding in a Series D-2…

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