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**Coinbase Eyes $2 Billion Stablecoin Deal That Could Change Everything**

Coinbase is in advanced negotiations to acquire stablecoin infrastructure startup BVNK for approximately $2 billion. The exchange secured exclusive negotiating rights after winning a competitive bidding process for the London-based startup. Due diligence is already underway, and the deal could close by the end of this year or early 2026.

Stablecoins currently generate nearly 20% of Coinbase’s total revenue in the third quarter, highlighting the sector’s growing importance to the company. Coinbase Ventures already backs BVNK alongside Citi Ventures, Haun Ventures, and Visa, indicating strong investor confidence in the startup’s potential.

### Exchange Pursues BVNK Acquisition

According to Bloomberg, Coinbase Global Inc. is in negotiations to purchase BVNK, though the transaction terms remain flexible, and changes could still occur before finalization. Insiders confirm that both companies are moving forward with the acquisition process.

Coinbase secured exclusive negotiating rights after winning a competitive bidding process and has been actively exploring ways to strengthen its stablecoin infrastructure. BVNK’s merchant network and compliance systems are expected to enhance Coinbase’s payment capabilities significantly.

The startup’s backers include Coinbase Ventures, Citi Ventures, Haun Ventures, and Visa, all of whom hold stakes in the London-based company. A Coinbase spokesperson stated that the exchange “actively explores opportunities to advance its mission of expanding economic freedom.”

### Stablecoins Drive Revenue Growth

Stablecoins generated nearly 20% of Coinbase’s total revenue in the third quarter, underscoring their vital role in the company’s business model. Coinbase earns income through its partnership with Circle Internet Group, the issuer of USDC, which allows Coinbase to receive a share of interest generated on reserves.

To promote mainstream adoption, Coinbase has integrated USDC into Shopify’s payments ecosystem. Additionally, the company recently partnered with Citigroup to pilot new initiatives aimed at expanding stablecoin usage further.

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This potential acquisition underlines Coinbase’s strategic focus on the stablecoin payments sector, which continues to grow rapidly. If completed, the deal could significantly enhance Coinbase’s position in the evolving digital payments landscape.
https://bitcoinethereumnews.com/tech/coinbase-eyes-2b-stablecoin-deal-that-could-change-everything/?utm_source=rss&utm_medium=rss&utm_campaign=coinbase-eyes-2b-stablecoin-deal-that-could-change-everything