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from24/7 Wall St.
8 hours agoWall Street Pro Tells Investors to Buy Mastercard Stock
Loop Capital initiates coverage of Mastercard with a Buy rating and a $631 price target, indicating potential upside despite recent stock pullback.
Almost one year after the fintech giant Stripe struck a $1.1 billion deal to acquire the stablecoin startup Bridge, two other big corporate players want to scoop up a stablecoin firm of their own. The U.S. crypto exchange Coinbase and the payments giant Mastercard have each held advanced acquisition talks to buy London-based BVNK, according to six sources familiar with the dealings, who asked for anonymity to talk about confidential business discussions.
"This work with Fiserv is setting the stage for a new era, where stablecoins are as ubiquitous and trusted as fiat currencies, driving choice and innovation for all."