Coinbase and Mastercard in Talks to Acquire BVNK for Up to $2.5B
Coinbase and Mastercard are in advanced discussions to acquire BVNK, a London-based fintech specializing in stablecoin payment infrastructure.
Potential acquisition price is estimated between $1.5 billion and $2.5 billion, with Coinbase reportedly leading the talks.
This acquisition could become the largest stablecoin-related deal, highlighting competition among financial and crypto firms for control over digital payments.
Previously, Stripe acquired Bridge, another stablecoin startup, for $1.1 billion, indicating rising interest in blockchain payment networks.
BVNK provides tools for businesses to transact using stablecoins, offering instant settlement and reduced fees compared to traditional systems like SWIFT.
Neither company has commented on the ongoing negotiations.
