Coinbase and Mastercard Held Talks to Buy Stablecoin Fintech BVNK for Up to $2.5B: Fortune
Yahoo Finance·2025-10-09 21:48

Core Insights - Coinbase and Mastercard are in advanced acquisition talks to buy BVNK, a London-based fintech focused on stablecoin payment infrastructure [1][2] - The potential sale price for BVNK is estimated between $1.5 billion and $2.5 billion, with Coinbase currently appearing to be ahead in the negotiations [2] - If the acquisition is completed, it would represent the largest stablecoin-related deal to date, highlighting the competition between mainstream financial and crypto firms in the digital payments space [2][4] Company and Industry Analysis - BVNK provides tools for businesses to send and receive funds using stablecoins, which are digital tokens pegged to traditional currencies like the U.S. dollar, enabling instant settlement and lower fees compared to traditional systems like SWIFT [3] - The growing demand for blockchain-based payment networks is underscored by Stripe's acquisition of another stablecoin startup, Bridge, for $1.1 billion a year ago, indicating a trend in the industry [3] - A finalized deal could significantly reshape the flow of stablecoins within both crypto and traditional financial systems, enhancing the integration of digital payments [4]