In recent developments within the digital payments and crypto-infrastructure sectors, Mastercard and Coinbase have entered advanced discussions to acquire BVNK, a London-based company specializing in stablecoin payment infrastructure. Sources suggest the deal could value BVNK between USD 1.5 and 2.5 billion, potentially making it the largest acquisition in the stablecoin space so far.
According to insiders, two major firms have separately engaged in negotiations to purchase BVNK, each seeking to strengthen their footprint in stablecoin-based payment systems. While the discussions are not yet final, one bidder currently appears to hold a leading position.
The prospective valuation range, from USD 1.5 to 2.5 billion, reflects the high stakes and competitive interest surrounding this deal.
BVNK’s core business involves enabling businesses to send, receive, and settle payments using stablecoins pegged to traditional fiat currencies. Its infrastructure promises faster settlement and lower fees compared to legacy systems like SWIFT or traditional card networks.
If the acquisition materializes, it would surpass the size of previous deals in the stablecoin domain—underscoring how financial incumbents and crypto firms are vying for dominance in next-generation payments.
Acquisition talks could reshape stablecoin payment ecosystem
This move follows a prior high-profile acquisition in the space, where another stablecoin startup was bought for around USD 1.1 billion, highlighting the rapid escalation of interest in blockchain payment rails.
Analysts say that combining BVNK’s technology with the acquiring firms’ reach and balance sheets could accelerate the integration of stablecoins into mainstream financial flows. Yet, because talks are ongoing, there is no assurance a deal will be completed—or that the terms won’t shift.
If successfully closed, this transaction could alter how stablecoins flow across both traditional finance and crypto networks, indicating a convergence of payment infrastructure and digital asset markets.
