Coinbase and Mastercard Held Talks to Buy Stablecoin Fintech BVNK for Up to $2.5B: Fortune

The sale, if it goes through, could go the largest stablecoin acquisition to date, with Coinbase starring bids implicit Mastercard, sources told Fortune.

Oct 9, 2025, 9:48 p.m.

Crypto speech Coinbase and payments elephantine Mastercard person each held precocious acquisition talks to bargain BVNK, a London-based fintech that builds stablecoin outgo infrastructure, according to six radical acquainted with the substance who spoke with Fortune.

The discussions person not been finalized, but respective of the sources told Fortune that the imaginable merchantability terms is betwixt $1.5 cardinal and $2.5 billion. The talks whitethorn inactive autumn apart, yet Coinbase appears to beryllium up of Mastercard astatine this stage, 3 of the sources told Fortune.

If completed, the acquisition would beryllium the largest stablecoin-related woody yet, signaling however mainstream fiscal and crypto firms are competing to power the adjacent question of integer payments.

A twelvemonth ago, Stripe acquired different stablecoin startup, Bridge, for $1.1 billion, underscoring the increasing request for blockchain-based outgo networks. BVNK operates successful a akin space, providing tools that assistance businesses nonstop and person funds utilizing stablecoins, integer tokens pegged to accepted currencies similar the U.S. dollar. Its exertion enables instant colony and little fees compared to bequest systems specified arsenic SWIFT oregon paper networks.

Neither institution commented connected the talks, Fortune reported. If a woody is finalized, it could reshape however stablecoins travel done some crypto and accepted fiscal systems.

Read more: Citi Joins Visa successful Backing Stablecoin Payments Company BVNK

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