Mastercard and Coinbase Bidding to Acquire Stablecoin Startup BVNK

Mastercard (NYSE: MA) and Coinbase (NASDAQ:COIN) are both bidding in order to acquire stablecoin infrastructure provider BVNK in a deal that may be valued at around $2.5 billion, according to an update from Fortune.While citing various sources familiar with the matter, the outlet said that Coinbase seems to have the inside track over Mastercard, but emphasized that the so-called advanced discussions might not actually lead to a deal.Recently, UK-based BVNK acquired a strategic investment from Citi. Meanwhil ...