Coinbase and Mastercard eye record stablecoin deal for BVNK
Coinbase and Mastercard are in separate advanced negotiations to acquire BVNK, a London-based stablecoin startup valued between $1.5 billion and $2.5 billion, according to insider reports.
If completed, the deal would mark the largest acquisition in the stablecoin sector to date, surpassing Stripe’s $1.1 billion purchase of Bridge earlier this year. Sources indicate that Coinbase currently leads the bidding, though talks remain ongoing and confidential, Yahoo.Finance informs.
Key takeaways
- Coinbase and Mastercard are in talks to acquire BVNK for $1.5–$2.5B.
- The deal could become the largest stablecoin acquisition to date.
- BVNK enables cross-border stablecoin payments and treasury operations.
- Coinbase and Mastercard expand their blockchain strategies amid regulatory clarity.
BVNK’s infrastructure powers cross-border stablecoin payments
Founded in 2021 by Chris Harmse, Jesse Hemson-Struthers, and Donald Jackson, BVNK provides institutions with tools to issue, move, and redeem stablecoins for cross-border payments, treasury operations, and digital settlements. The company raised $50 million in December 2024, bringing its valuation to $750 million, with backing from Haun Ventures, Tiger Global, Coinbase Ventures, Visa Ventures, and Citi Ventures.
The acquisition would strengthen Coinbase’s ecosystem, which already supports USDC transfers for global remittances and merchant payments, and complement Mastercard’s efforts to integrate blockchain-powered settlement systems into its global network. Mastercard recently partnered with USDC and Euro Coin (EURC) issuers to enable real-time settlements in Europe, the Middle East, and Africa.
Regulatory momentum boosts stablecoin adoption and consolidation
The acquisition discussions come amid a wave of consolidation in the stablecoin and digital payments industry, driven by regulatory clarity following the GENIUS Act in the U.S. and new EU frameworks. The legislation has encouraged traditional finance institutions to experiment with blockchain-based payment infrastructure. Meanwhile, other players such as StablecoinX have attracted major funding — raising $530 million to support the Ethena ecosystem’s USDe stablecoin, now valued at over $14.6 billion in circulation.
According to DefiLlama, the total stablecoin market cap has climbed to $303.7 billion, led by Tether (USDT) with $177.5 billion. The BVNK acquisition, if completed, would underscore rising institutional confidence in stablecoin-backed systems and the growing competition among global payment giants for leadership in blockchain-based settlements.
Earlier, we reported that Coinbase expands into perpetual DEX market amid rising demand.
Latest Mastercard News
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
