Did Bank of England Stablecoin Blunder Just Spook $2Bn Coinbase Deal?

Acquisition talks between Coinbase and the UK-based stablecoin infrastructure startup BVNK have fallen through, according to a report from Fortune yesterday (November 11). Although not mentioned, there is a strong possibility that the recent Bank of England stablecoin framework proposal contributed to Coinbase’s decision to walk away from the deal. The proposed deal would have seen Coinbase acquire BVNK for an estimated $2Bn, and would’ve been a huge move for the UK/GBP stablecoin industry. However, the m ...