Stablecoins might not send your digital wallet to the moon, but the less speculative side of cryptocurrency is definitely enjoying its moment in the sun.

According to a new report from Fortune, credit card stalwart Mastercard wants to make a massive bet on infrastructure that links digital currencies to the normal financial world.

Mastercard is in advanced talks to buy the stablecoin startup Zerohash for between $1.5 and $2 billion, Fortune reports. Zerohash, founded in 2017, provides banking companies a toolkit for providing their own cryptocurrency and stablecoin products. If the deal goes through, it would represent a major investment in cryptocurrency infrastructure from a traditional banking company. When reached by Fast Company, Mastercard and Zerohash declined to comment.

The rep

See Full Page