Coinbase and Mastercard in talks to acquire stablecoin startup BVNK for $2B: Fortune
Key Takeaways
Coinbase and Mastercard are in discussions to acquire BVNK, a stablecoin startup, for $2 billion.
BVNK specializes in providing stablecoin infrastructure for seamless cross-border payments.
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Coinbase and Mastercard are in talks to acquire stablecoin startup BVNK for $2 billion, according to Fortune. BVNK provides stablecoin infrastructure focused on enabling seamless cross-border payments for financial institutions.
The potential acquisition reflects both companies’ strategies to expand their crypto payment capabilities. Coinbase has been actively integrating stablecoin solutions for cross-border payments and merchant onboarding.
Mastercard has been incorporating stablecoins into its network as part of broader industry shifts toward blockchain-powered payments, positioning itself as a key enabler for crypto-native transactions.
BVNK’s infrastructure has gained traction among major financial players. Citigroup’s venture arm recently invested in the company, joining Visa to enhance its stablecoin payments platform for broader blockchain adoption.
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