Coinbase is in advanced talks with Mastercard to acquire London-based stablecoin infrastructure company BVNK

ChainCatcher news, according to Fortune magazine, Coinbase is in advanced talks with Mastercard to acquire the London-based stablecoin infrastructure company BVNK, with a price range of approximately $1.5 billion to $2.5 billion. Currently, Coinbase has the upper hand, but the deal has not been finalized yet. If completed, it will become the largest stablecoin acquisition to date.

BVNK was founded in 2021 and provides services such as stablecoin trading, cross-border payments, and fund management for enterprises. In December 2024, it raised $50 million in funding, with a valuation of about $750 million. Investors include Haun Ventures, Coinbase Ventures, and Tiger Global, with recent participation from Visa and Citi's venture capital. Stripe acquired Bridge for $1.1 billion this year. BVNK, Mastercard, and Coinbase have not commented.