Coinbase and Mastercard in Talks to Acquire BVNK in $2.5B Stablecoin Deal

Coinbase and Mastercard are reportedly in advanced discussions to acquire BVNK, a London-based fintech specializing in stablecoin payment infrastructure, according to multiple sources cited by Fortune. The negotiations, though not finalized, could value BVNK between $1.5 billion and $2.5 billion, making it one of the largest acquisitions in the stablecoin industry’s history. Three insiders suggest Coinbase currently leads the talks over Mastercard, but the outcome remains uncertain.

If completed, the deal would mark a major milestone in the integration of stablecoin technology into mainstream financial systems, signaling how both crypto and traditional payment giants are racing to dominate the next generation of digital transactions.

BVNK has built a strong reputation for enabling instant settlement and low-cost cross-border transfers using stablecoins — digital tokens pegged to fiat currencies such as the U.S. dollar. Its platform allows businesses to send and receive payments globally without relying on traditional systems like SWIFT or credit card networks, offering faster, cheaper, and more transparent alternatives.

The potential acquisition highlights a growing trend among financial institutions adopting blockchain-based infrastructure. Just a year ago, Stripe acquired Bridge, another stablecoin startup, for $1.1 billion — a clear indication of the increasing demand for decentralized payment networks.

Neither Coinbase nor Mastercard has commented publicly on the rumored negotiations. However, if the acquisition proceeds, it could significantly reshape the landscape of digital payments, positioning stablecoins at the center of global finance and accelerating adoption among businesses and consumers alike.