The final phases of negotiations for Coinbase’s acquisition of stablecoin infrastructure firm BVNK have begun.
Bloomberg revealed on the 31st of October that Coinbase is presently investigating BVNK, with an estimated $2 billion purchase price.
The deal is anticipated to be finished either late this year or early next year, according to an unnamed source.
The final phase of acquisition
Banks and fintech companies may use blockchain-based payment systems from BVNK, a European stablecoin payments and infrastructure service provider.
Through this acquisition, Coinbase hopes to increase its market share in the international payments industry and fortify its own stablecoin payment ecosystem.
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According to industry sources, the BVNK purchase is a continuation of Coinbase’s recent efforts to reinforce its stablecoin-centred strategy, which includes expanding a USDC-based payment network and forming a credit service agreement with Apollo.
Stablecoin for the race
In August 2025, Ripple made an announcement to acquire the stablecoin payments platform Rail for $200 million. The acquisition is anticipated to conclude in the fourth quarter of this year, assuming regulatory approval.
Only a few weeks have passed since U.S. President Donald Trump signed a bill establishing a government framework for stablecoins, boosting hopes that the tokens may soon be utilised more often in regular transactions.
Last week, according to a report, Mastercard (MA) is purportedly thinking of purchasing Zero Hash, a blockchain infrastructure company.
The global payments and card provider is in the closing stages of discussions and might pay between $1.5 billion and $2 billion for the cryptocurrency startup.
Also, back in November last year, Singapore Gulf Bank (SGB) made a big move into the bitcoin banking industry with its ambitious aspirations is raising at least $50 million in its next financing round. A proposed acquisition or an expansion was aimed at the stablecoin payments industry.Â
SGB intended to finalise a transaction in the first quarter of this year after identifying possible acquisition candidates in both the Middle East and Europe.
In October 2024, Fintech behemoth Stripe completed its biggest purchase, paying $1.1 billion to acquire stablecoin platform Bridge.
Stripe’s focus on cryptocurrency and stablecoin payments is strengthened by this transaction, which is a big step forward for the company.
What does this mean?
As a result, it is evident that stablecoins are given particular consideration when it comes to digital assets, and many institutional players have embraced them, particularly in light of a series of regulations that were implemented following President Donald Trump’s election this year.
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