• Coinbase is in late-stage talks to accumulate London-based stablecoin infrastructure firm BVNK for roughly US$2 billion.
  • The acquisition goals to increase Coinbase’s rising stablecoin income line, which contributed US$246 million in Q3 2025, representing 20% of the alternate’s complete income.
  • This huge deal highlights the accelerating world company curiosity in stablecoins, spurred by regulatory readability offered by the current US GENIUS Act.

Coinbase is in late-stage talks to accumulate London-based BVNK for about US$2 billion (AU$3.14 billion), according to Bloomberg sources. Closing is focused for late 2025 or early 2026, topic to due diligence. 

The transfer would increase Coinbase’s stablecoin enterprise, a rising income line alongside buying and selling charges. Stablecoins contributed roughly US$246 million (AU$386.22 million), or 20% of complete income, in Q3 2025, according to the alternate’s earnings launch.

BVNK is one in all London’s largest fintech corporations, based in 2021 and targeted on offering enterprise-grade infrastructure for stablecoin funds and different digital asset companies to world companies. It has raised roughly US$90 million (AU$141.3 million) from Citi Ventures, Visa, and Haun Ventures. Coinbase Ventures can also be an investor.

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The Stablecoin Race

Stablecoins have gotten a pressure of nature in conventional finance, as fee giants, monetary establishments, and even international locations are exploring and integrating them a method or one other. As per funding financial institution Citi, 10% of world post-trade market turnover may very well be processed by way of stablecoins and tokenised securities in simply 5 years.

As an illustration, Visa introduced in September a pilot letting banks, companies, and remittance corporations fund cross-border transfers immediately in stablecoins quite than pre-fund native accounts. Japan lately launched JPYC, whereas South Korea is urging its leaders to push Gained-backed stablecoins.

Even Western Union is becoming a member of the race after saying a Solana-based settlement system and a brand new stablecoin, USDPT. 

Therefore, a BVNK buy would mark one other giant deal amid accelerating company curiosity in stablecoins following July’s passage of the GENIUS Act. The legislation set collateral guidelines and mandated AML compliance for stablecoin issuers, prompting corporations like Tether to launch new US-focused stablecoins like USAT.

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