Hua Er Jie Jian Wen·2025-10-10 00:36Core Insights - Coinbase and Mastercard are engaged in a competitive bidding process to acquire London-based stablecoin fintech company BVNK, with the potential deal valued between $1.5 billion and $2.5 billion, marking it as the largest acquisition in the stablecoin sector to date [1][2][4] Group 1: Acquisition Details - The potential acquisition price range for BVNK is reported to be between $1.5 billion and $2.5 billion, with Coinbase currently leading the negotiations [2] - BVNK specializes in building stablecoin payment infrastructure and offers blockchain-based digital payment solutions for businesses [2] Group 2: Strategic Implications - This acquisition highlights the interest of financial giants like Coinbase and Mastercard in expanding their business through stablecoin technology, which offers instant settlement and significantly lower transaction costs compared to traditional systems like SWIFT [3] - For Coinbase, acquiring BVNK would strengthen its position in the crypto payment ecosystem, while for Mastercard, it represents a significant strategic shift towards blockchain payment technology [4] - Regardless of the outcome, this bidding war indicates that stablecoin infrastructure will be a central battleground in the next phase of fintech competition, influencing the future direction of digital payment systems [4]