Coinbase, Mastercard Eye Billion Dollar Deals for Stablecoin Firm BVNK: Report

Coinbase and Mastercard are reportedly in advanced talks to acquire BVNK, a London-based fintech firm building stablecoin infrastructure, with the potential sale valuing BVNK between $1.5 billion and $2.5 billion. The transactions highlight the growing importance of stablecoins as core infrastructure in the financial sector. If successful, these acquisitions would surpass Stripe's recent deal for stablecoin startup Bridge and reflect a strategic move by Coinbase to integrate both issuance and distribution of stablecoins, while Mastercard aims to adapt to potential disruptions in payment networks. Established four years ago, BVNK helps businesses integrate stablecoins for payments and transfers, raising $50 million at a $750 million valuation in December. Analysts believe stablecoins may soon attract significant deposits from banks in emerging markets, marking a shift in how traditional finance views digital assets.

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