Coinbase and Mastercard are reportedly nearing a deal to purchase BVNK.

crypthub

about 9 hours ago

Potential Acquisition of BVNK

Coinbase and Mastercard are reportedly in advanced talks to acquire London-based stablecoin issuer BVNK. The acquisition, potentially valued between $1.5 billion and $2.5 billion, would be the largest stablecoin-related deal to date if finalized. Discussions are ongoing, with Coinbase currently holding a leading position in securing the deal.

BVNK’s Role in the Market

BVNK, founded in 2021, assists businesses and financial institutions in integrating stablecoins for various purposes, including cross-border transactions and digital asset settlements. The company previously raised $50 million, achieving a $750 million valuation with backing from prominent investors. Its infrastructure enables efficient issuance, movement, and redemption of stablecoins.

Industry Trends and Regulatory Influence

The potential acquisition follows Stripe’s earlier acquisition of Bridge and reflects increasing consolidation within the stablecoin sector. Regulatory developments like the GENEUS Act are driving greater interest in stablecoin adoption and prompting traditional financial institutions to explore integrations. The growth in the stablecoin market is evident in the recent PIPE financing secured by StablecoinX and the overall $303.73 billion market capitalization.