Coinbase and Mastercard Compete to Acquire BVNK

Two financial heavyweights, Coinbase and Mastercard, are reportedly pursuing the acquisition of BVNK, a London-based fintech specializing in stablecoin infrastructure.

According to a Fortune report, both companies have entered advanced negotiations. These talks could lead to a sale priced between $1.5 billion and $2.5 billion.

While the discussions are ongoing and may not yet be final, industry sources indicate that Coinbase currently has the upper hand over Mastercard.

If the acquisition goes through, it would surpass Stripe’s $1.1 billion acquisition of Bridge in October 2024. Indeed, that milestone would make it the largest-ever purchase of a stablecoin infrastructure company.

A Coinbase spokesperson declined to comment, saying the company “does not engage in speculation or rumors”. Similarly, BVNK and Mastercard have also remained silent on the matter.

Inside BVNK: A Fintech Rising on Stablecoin Rails

Founded in 2021, BVNK has quickly emerged as one of Europe’s leading stablecoin payment providers. The London-based firm offers a suite of tools that help businesses send, receive, and manage stablecoin transactions seamlessly across borders.

Notably, BVNK’s client list includes Worldpay, Flywire, and dLocal, among other global payment processors. The company claims to handle over $20 billion in annual transaction volume.

Just a day ago, Citi Ventures made a strategic investment in BVNK. This move indicates that traditional finance players are growing increasingly confident in blockchain-based payment systems.

Regulatory Clarity Boosts Stablecoin Investments

The surge in stablecoin investments follows the passage of the GENIUS Act in the United States (July 2025). Specifically, the legislation established clear federal guidelines for the issuance and use of dollar-pegged stablecoins, giving both banks and fintechs greater regulatory certainty.

Consequently, this clarity has spurred venture funding and acquisitions, pushing companies to secure technology and compliance ahead of mainstream adoption.

Stablecoin Market Reaches New Milestones

In June 2025, USDC issuer Circle Internet Group went public on the New York Stock Exchange, with shares rising 118% since its debut.

Meanwhile, the total stablecoin market capitalization surpassed $300 billion earlier this month, a milestone that underscores the growing adoption of these digital assets by consumers, businesses, and financial institutions alike.

The post Coinbase and Mastercard Compete to Acquire BVNK first appeared on The Crypto Basic.