Coinbase in Advanced Talks to Acquire Stablecoin Infrastructure Firm BVNK for $2 Billion

Coinbase has entered late-stage negotiations to acquire stablecoin infrastructure startup BVNK for approximately $2 billion, Bloomberg reports. The deal is expected to close by year-end or early next year, pending completion of due diligence. The acquisition would mark the latest consolidation in the stablecoin sector as Coinbase seeks to diversify revenue streams beyond trading fees and expand stablecoin adoption across its platform.