Coinbase and Mastercard compete to acquire stablecoin firm BVNK for USD $2 billion

By Hannah Perez

BVNK, a fintech specialized in stablecoin payment infrastructure, already has the support of Visa and Citi. Coinbase and Mastercard are both in separate talks to acquire it for up to $2.5 billion.

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• Coinbase and Mastercard are in separate talks to buy BVNK, according to reports.
• BVNK specializes in stablecoin payments infrastructure, backed by Citi and Visa.
• If it closes for around $2 billion, as reported, it will be the largest deal of its kind.
• The competition reflects the growing interest of financial institutions in stablecoins.

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🚨 Competition in the financial sector 🚨

Coinbase and Mastercard fight to acquire BVNK

Estimated value of the transaction: between USD $1,500 and $2,500 million

BVNK specializes in stablecoin payment infrastructure

It already has the support of Visa and Citi

This… pic.twitter.com/CUZtUXHlCB

— Diario฿itcoin (@DiarioBitcoin) October 10, 2025

In a movement that highlights the rise of stablecoinsit has been reported that Coinbase and Mastercard They would be in a $2 billion race to acquire a firm focused on such fiat-pegged tokens.

Both companies have entered into separate talks to acquire BVNKa London fintech specialized in payments infrastructure with stablecoinsfor an estimated value between USD $1,500 and USD $2,500 million, as revealed by the news outlet Fortune citing anonymous sources familiar with the negotiations.

Coinbasethe largest cryptocurrency exchange in the United States, appears to be ahead in advanced discussions, although neither party has confirmed interest and the deal is not yet closed.

The competition for BVNK reflects the voracious appetite of financial industry giants, —both within crypto and traditional payments players—to dominate the market stablecoinswhich this year has surpassed $300 billion in market capitalization, driven by friendlier regulations and accelerated institutional adoption.

BVNK already has the support of Visa and Citi

Founded in 2021, BVNK offers tools that allow companies to send and receive funds through stablecoins –coin-pegged digital tokens fiat such as the US dollar–, facilitating instant settlements and with lower costs than legacy systems such as SWIFT or credit card networks. Among its clients are payment processors such as Worldpay, Flywire and dLocaland the company claims to handle more than $20 billion in annual transactions.

If completed, the transaction would mark the largest acquisition in the history of the sector stablecoinsexceeding the USD $1.1 billion that Stripe paid for the startup Bridge at the beginning of 2025.

A spokesperson for Coinbase declined to comment on “rumors or speculation”as cited The Blockwhile neither BVNK nor Mastercard responded to requests for information.

The interest in BVNK It is no coincidence: the company already has the support of heavyweights in the financial industry. Visa and Citi have invested undisclosed sums in the startup, with Citi Ventures recently joining as a strategic partner to enhance the use of stablecoins in on-chain settlements. These institutional endorsements position BVNK as a key bridge between the crypto world and traditional finance, at a time when the stablecoins matures quickly.

Regulation drives interest in stablecoins

This regulatory and market boom finds its epicenter in the United States, where President Donald Trump signed the GENIUS Act in July, the first federal legislation that establishes a clear legal framework for issuers of stablecoinsprioritizing those linked to the US dollar to encourage innovation and stability.

The standard has catalyzed a wave of adoption, as seen in the IPO of Circlean issuer of USDC, on the NYSE in June, whose stock has risen 118% since its debut. Analysts see the possible acquisition of BVNK as a step towards the integration of stablecoins into everyday payments, transforming how digital funds flow through crypto and conventional systems.

The news, uncovered by Fortune on Thursday, has been reported by other specialized media, which highlight how this bid could redefine competition in digital payments in a crypto ecosystem in full recovery. As negotiations progress, the sector is closely watching whether Coinbase either Mastercard will win this jewel of the stablecoins.

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Article written with the help of AI, edited by DailyBitcoin

Image generated with an AI tool, under a free use license

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