Coinbase and Mastercard in Advanced Talks to Acquire UK Stablecoin Firm BVNK

Coinbase and Mastercard are reportedly in advanced talks to acquire London-based stablecoin firm BVNK, in what could become the largest stablecoin acquisition to date, according to ￰0￱ Takeaways: Coinbase and Mastercard are in advanced talks to acquire UK-based stablecoin firm BVNK. BVNK, founded in 2021, provides stablecoin infrastructure for payments and cross-border ￰1￱ talks come amid a stablecoin boom, with the market surpassing $300 ￰2￱ deal, estimated between $1.5 billion and $2.5 billion, remains under negotiation with no confirmed winner, though sources say Coinbase currently has the upper ￰3￱ completed, the acquisition would mark a major milestone for both the crypto and traditional finance sectors, underscoring the growing convergence between blockchain-based payments and established financial ￰4￱ Emerges as Key Infrastructure Provider Powering Global Stablecoin Payments Founded in 2021, BVNK has quickly become one of the most prominent players in stablecoin ￰5￱ company helps businesses integrate stablecoins into payments, cross-border transactions, and global treasury ￰6￱ clients include financial institutions seeking to move money instantly without relying on traditional ￰7￱ previously raised $50 million in a December round led by Haun Ventures, with participation from Coinbase Ventures, Tiger Global, and Visa and Citi’s venture ￰8￱ firm was valued at roughly $750 million at the ￰9￱ the deal closes, it would surpass Stripe’s $1.1 billion acquisition of Bridge, a stablecoin startup purchased earlier this ￰10￱ moves highlight the strategic value stablecoin infrastructure now holds for fintech and payments ￰11￱ interest from Coinbase and Mastercard comes as stablecoins are experiencing explosive ￰12￱ activity in tokenization right now is off the ￰13￱ & MasterCard are in deep talks to acquire BVNK for $2B+ according to Fortune.

m0 raised a $40M series ￰14￱ just successfully structured a $500M deal for collateralized AI ￰15￱ at $178B. USDC… ￰16￱ — Andy (@ayyyeandy) October 9, 2025 The market has expanded to over $304 billion, according to DeFiLlama, boosted by the passage of the US GENIUS Act, signed by President Donald Trump in ￰17￱ legislation provides a federal framework for stablecoin issuance and transparency, fueling new institutional demand. Stablecoins, digital tokens pegged to fiat currencies like the US dollar, have become central to global payments ￰18￱ argue they are faster, cheaper, and more efficient than legacy systems, with settlement times in seconds rather than ￰19￱ Turn to Stablecoins as Competition Increases In August, Citigroup CEO Jane Fraser confirmed the bank is “looking at the issuance of a Citi stablecoin” while developing tokenized deposit services for corporate clients seeking 24/7 settlement ￰20￱ in June, JPMorgan also launched JPMD deposit tokens for institutional blockchain payments while CEO Jamie Dimon was questioning its use ￰21￱ bank served as lead underwriter for Circle’s IPO, which has climbed over 500% since its $31 offering ￰22￱ also appears that some institutions are showing approval to control stablecoins, as seen in the recent Bank of England’s proposal for strict ￰23￱ bank caps between £10,000 and £20,000 for individuals and £10 million for businesses, which triggered widespread ￰24￱ reported, ￰25￱ is integrating Morpho , the second-largest DeFi lending protocol, into its platform to launch stablecoin lending markets directly on the Cronos ￰26￱ partnership will allow users to deposit wrapped versions of Bitcoin and Ethereum (CDCBTC and CDCETH) and borrow stablecoins against them without leaving the ￰27￱ ecosystem.