{"id":51189,"date":"2025-10-10T09:59:18","date_gmt":"2025-10-10T02:59:18","guid":{"rendered":"https:\/\/hbbgroup.net\/coinbase-mastercard-eye-billion-dollar-deals-for-stablecoin-firm-bvnk-report\/"},"modified":"2025-10-10T09:59:18","modified_gmt":"2025-10-10T02:59:18","slug":"coinbase-mastercard-eye-billion-dollar-deals-for-stablecoin-firm-bvnk-report","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/zh\/coinbase-mastercard-eye-billion-dollar-deals-for-stablecoin-firm-bvnk-report\/","title":{"rendered":"Coinbase, Mastercard Eye Billion Dollar Deals for Stablecoin Firm BVNK: Report"},"content":{"rendered":"<div>\n<div>\n<h4 color=\"#333\">In brief<\/h4>\n<ul>\n<li>Coinbase and Mastercard are each reportedly negotiating to buy BVNK for up to $2.5 billion.<\/li>\n<li>The talks come amid hype surrounding digital assets pegged to the U.S. dollar.<\/li>\n<li>Observers say payment and crypto firms now see stablecoins as core infrastructure.<\/li>\n<\/ul>\n<\/div>\n<p><span>Coinbase and Mastercard are reportedly in advanced talks to acquire BVNK, a U.K.-based fintech firm building stablecoin infrastructure.<\/span><\/p>\n<p><span>If completed, the sale could value BVNK between $1.5 billion and $2.5 billion, according to an initial <\/span><a href=\"https:\/\/fortune.com\/crypto\/2025\/10\/09\/bvnk-acquisition-coinbase-mastercard-stablecoins\/\" target=\"_blank\"><span>report<\/span><\/a><span> from <\/span><i><span>Fortune<\/span><\/i><span>, citing six sources familiar with the matter. The talks remain ongoing, and neither Coinbase nor Mastercard has reached a final agreement, per Fortune, though Coinbase reportedly has the inside track.<\/span><\/p>\n<p><span>At this scale, the prospects for BVNK outstrips Stripe\u2019s $1.1 billion <\/span><a href=\"https:\/\/decrypt.co\/287402\/stripe-inks-1-1b-deal-to-buy-stablecoin-platform-bridge\" target=\"_blank\"><span>acquisition<\/span><\/a><span> of stablecoin startup Bridge, first reported in October last year, which at the time was the largest in the crypto industry. The deal was completed in February this year.<\/span><\/p>\n<p><span>\u201cWe don\u2019t comment on rumors or speculation,\u201d a Coinbase spokesperson said, responding to <\/span><i><span>Decrypt\u2019s<\/span><\/i><span> inquiry on the matter. Mastercard and BVNK have also been approached for comment.<\/span><\/p>\n<p><span>Founded four years ago, BVNK helps businesses integrate stablecoins into payments, cross-border transfers, and treasury operations. <\/span><\/p>\n<p><span>It raised $50 million in December last year at a $750 million valuation in a Series B round. BVNK also received concurrent investments <\/span><a href=\"https:\/\/decrypt.co\/318405\/visa-stablecoins-investment-bvnk\" target=\"_blank\"><span>from Visa<\/span><\/a><span> in May, though the deal\u2019s size was not disclosed at the time.<\/span><\/p>\n<h2 color=\"#333\"><b>Still early<\/b><\/h2>\n<p><span>Industry observers say the latest wave of massive corporate interest in stablecoins reflects a broader shift in how payment networks and crypto firms look at digital money.<\/span><\/p>\n<p><span>Prospects of acquiring BVNK signal how major firms \u201cview stablecoins as critical payment infrastructure, though motivations diverge sharply,\u201d Ryan Yoon, senior analyst at Tiger Research, told <\/span><i><span>Decrypt<\/span><\/i><span>.<\/span><\/p>\n<p><span>For Coinbase, it could represent \u201cvertical integration to own both issuance (USDC via Circle) and enterprise distribution, capturing more value chain,\u201d while for Mastercard, it could be \u201cdefensive positioning against disintermediation if stablecoin settlement bypasses card networks, plus optionality to white-label crypto services without custody burden,\u201d Yoon said.<\/span><\/p>\n<p><span>Both firms vying for BVNK \u201cacknowledge programmable dollars on public rails could erode interchange economics,\u201d such that these moves could be seen as a rational tactic to secure an early positioning, he explained.<\/span><\/p>\n<p><span>\u201cCapital allocation suggests the infrastructure thesis has crossed a threshold where strategic inaction carries more risk than timing uncertainty,\u201d he added.<\/span><\/p>\n<p><span>Stablecoins \u201care becoming and will further become commonplace,\u201d Chris Miglino, co-founder and president of crypto venture capital firm DNA Fund, told <\/span><i><span>Decrypt<\/span><\/i><span>. \u201c[In] the same way that DATs have infiltrated Wall Street, stables will replace money transfer.\u201d<\/span><\/p>\n<p><span>One of DNA Fund\u2019s co-founders, Brock Pierce, was also a co-founder at Tether, issuer of the world\u2019s largest stablecoin by volume, <\/span><i><span>Decrypt<\/span><\/i><span> was told.<\/span><\/p>\n<p><span>\u201cWe saw a landscape in which stables existed along fiat,\u201d Miglino said, drawing from that earlier venture. \u201cNow it\u2019s time for regulation to make these stables mainstream, and it&#8217;s happening globally.\u201d<\/span><\/p>\n<p><span>The stablecoin market\u2019s legitimacy gained more ground after stablecoin issuer Circle\u2019s <\/span><a href=\"https:\/\/decrypt.co\/323795\/stablecoin-giant-circle-raises-1-billion-ipo-nyse-debut\" target=\"_blank\"><span>public debut<\/span><\/a><span> in June, followed by U.S. President Donald Trump\u2019s signing <\/span><a href=\"https:\/\/decrypt.co\/330836\/trump-signs-genius-act-into-law-ushering-crypto-integration-us-economy\" target=\"_blank\"><span>the GENIUS Act<\/span><\/a><span> into law in July, which created a federal framework for stablecoin issuers in the U.S.<\/span><\/p>\n<div>\n<h3>Daily Debrief Newsletter<\/h3>\n<p>Start every day with the top news stories right now, plus original features, a podcast, videos and more.<\/p>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>In brief Coinbase and Mastercard are each reportedly negotiating to buy BVNK for up to $2.5 billion. The talks come [&hellip;]<\/p>","protected":false},"author":5,"featured_media":51190,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[220],"tags":[],"class_list":["post-51189","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tien-dien-tu"],"acf":[],"_links":{"self":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/51189","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/comments?post=51189"}],"version-history":[{"count":0,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/51189\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media\/51190"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media?parent=51189"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/categories?post=51189"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/tags?post=51189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}