According to a Fortune report, both Coinbase and Mastercard are engaged in advanced discussions to acquire BVNK, a London-based stablecoin startup. The potential sale price is estimated to be between $1.5 billion and $2.5 billion.
The report suggests that Coinbase currently has an advantage over Mastercard in the negotiations. If the acquisition is finalized, it would become the largest stablecoin company acquisition to date, exceeding Stripe’s $1.1 billion purchase of Bridge in late 2024.
BVNK, founded in 2021, provides stablecoin payment infrastructure for major corporate clients such as Worldpay, Flywire, and dLocal, and it reports processing over $20 billion annually. The company recently received a strategic investment from Citi Ventures, highlighting growing institutional interest in the stablecoin sector.
Coinbase has declined to comment on the “rumors or speculation,” and BVNK and Mastercard have not yet responded to requests for comment.
October 2025, Cryptoniteuae
