Crypto exchange Coinbase and payments giant Mastercard have each held advanced acquisition talks to buy BVNK, a London-based fintech that builds stablecoin payment infrastructure, according to six people familiar with the matter who spoke with 0 discussions have not been finalized, but several of the sources told Fortune that the potential sale price is between $1.5 billion and $2.5 1 talks may still fall apart, yet Coinbase appears to be ahead of Mastercard at this stage, three of the sources told 2 completed, the acquisition would be the largest stablecoin-related deal yet, signaling how mainstream financial and crypto firms are competing to control the next wave of digital payments.
A year ago, Stripe acquired another stablecoin startup, Bridge, for $1.1 billion, underscoring the growing demand for blockchain-based payment 3 operates in a similar space, providing tools that help businesses send and receive funds using stablecoins, digital tokens pegged to traditional currencies like the 4 technology enables instant settlement and lower fees compared to legacy systems such as SWIFT or card 5 company commented on the talks, Fortune 6 a deal is finalized, it could reshape how stablecoins flow through both crypto and traditional financial 7 more: Citi Joins Visa in Backing Stablecoin Payments Company BVNK
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