Coinbase and Mastercard are competing to acquire the "stablecoin technology company" BVNK, with a valuation of $2.5 billion, which will become the largest merger and acquisition in the stablecoin sector
According to reports, the potential acquisition price range is between $1.5 billion and $2.5 billion. Although negotiations have not been finalized, Coinbase is currently in the lead for the bid. If the BVNK deal is ultimately reached, it will surpass Stripe's $1.1 billion acquisition of Bridge
Cryptocurrency exchange Coinbase is in fierce competition with payment giant Mastercard to acquire London-based stablecoin fintech company BVNK, a deal that could reach up to $2.5 billion, making it the largest merger and acquisition in the stablecoin sector to date.
On October 9th, media reports citing informed sources indicated that both Coinbase and Mastercard have engaged in in-depth negotiations regarding the acquisition of BVNK.
According to reports, the potential acquisition price range is between $1.5 billion and $2.5 billion. Although negotiations have not yet been finalized, Coinbase is currently in the lead in the bidding process.
BVNK is a London-based fintech company focused on building stablecoin payment infrastructure, providing blockchain-based digital payment solutions for businesses.
Reshaping the Digital Payment Competitive Landscape
This potential acquisition highlights that financial giants from different backgrounds, such as Coinbase and Mastercard, are seeking to expand their business landscape through stablecoin technology.
Compared to traditional transaction systems like SWIFT, stablecoin payments can achieve instant settlement and significantly reduce transaction costs.
For Coinbase, acquiring BVNK will further strengthen its position in the crypto payment ecosystem; for Mastercard, this move represents an important strategic shift towards blockchain payment technology.
Analysts believe that regardless of who ultimately wins the bid, this acquisition battle signals that stablecoin infrastructure will become the core battlefield in the next phase of fintech competition, influencing the future direction of digital payment systems.
If the BVNK deal is finalized, it will surpass Stripe's $1.1 billion acquisition of stablecoin startup Bridge, becoming the largest merger and acquisition in the stablecoin-related field
