US crypto exchange Coinbase and payments giant Mastercard have both entered advanced talks to acquire London-based stablecoin infrastructure company BVNK, with a potential purchase price of around $1.50 billion to $2.50 billion. According to sources, Coinbase is currently leading the bid.
If the deal goes through, it will be the largest acquisition of a stablecoin company to date, highlighting the entry of stablecoins into the mainstream financial system. Founded in 2021, BVNK is dedicated to helping enterprises use stablecoins in cross-border transfer, money management and other scenarios. It has received investments from Coinbase Ventures, Tiger Global, Visa and Citi Ventures.
After Trump signed the Genius Act and stablecoin giant Circle went public, stablecoin industry financing surged, prompting traditional Financial Institutions Groups, including Mastercard, to accelerate their deployment to meet the challenges of emerging payment technologies.
Coinbase and Mastercard bid for stablecoin firm BVNK, potential purchase price around $2 billion
2025-10-09 21:46:17
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