#Coinbase Leads Race To Acquire #BVNK for up to $2.5B


Coinbase appears positioned to win a bidding competition against Mastercard for London-based stablecoin startup BVNK. Fortune reported that the acquisition price could reach between $1.5 billion and $2.5 billion based on sources familiar with negotiations.


Advanced discussions between the two companies and BVNK have progressed significantly, according to the report. If completed, this would become the largest #stablecoin company acquisition to date, surpassing Stripe's $1.1 billion purchase of Bridge in October 2024. A Coinbase spokesperson declined to comment on the speculation, while BVNK and Mastercard have not responded to inquiries.


Founded in 2021, BVNK provides #stablecoin payment infrastructure serving enterprise clients such as Worldpay, Flywire, and dLocal. The company processes over $20 billion annually and recently received a strategic investment from Citi Ventures, highlighting growing institutional interest in stablecoin payments.


The acquisition interest follows passage of the GENIUS Act in July, which established foundational regulatory rules for dollar-pegged stablecoins in the United States. This regulatory clarity has sparked increased #institutional activity in the sector.

image
October 10, 2025 at 11:27 AM
2