Coinbase Mulls $2B BVNK Acquisition In Stablecoin Push

Coinbase International Inc., the world’s third-largest cryptocurrency alternate, is constant its stablecoin push, after key laws in the USA sparked a renewed wave of company curiosity in blockchain-based funds.

Coinbase alternate is reportedly in late-stage talks to accumulate stablecoin infrastructure startup BVNK in a $2 billion deal, in line with a report by Bloomberg, citing individuals aware of the matter.

The $2 billion acquisition is anticipated to shut later this yr or in early 2026, pending due diligence from the alternate, in line with the nameless supply.

The stablecoin push might carry a further income for Coinbase, which primarily depends on cryptocurrency buying and selling charges to generate earnings.

Nevertheless, about $246 million, or 20% of Coinbase’s revenue, got here from stablecoins through the third quarter of 2025, in line with the alternate’s earnings results, revealed on Thursday.

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Based in 2021, London-based BVNK presents retailers enterprise-grade stablecoin funds. Coinbase’s enterprise capital wing, Coinbase Ventures, is an investor within the stablecoin infrastructure startup.

BVNK raised $90 million in funding over the previous 4 years, from buyers together with Citi Ventures, Visa and Haun Ventures, in line with the startup’s homepage.

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GENIUS Act’s passage sparks company stablecoin push

The $2 billion deal would mark the newest large-scale acquisition amid a rising wave of company curiosity in stablecoins, catalyzed by the passage of the Guiding and Establishing Nationwide Innovation for US Stablecoins (GENIUS) Act in July.

The GENIUS Act established clear guidelines for stablecoin collateralization and mandates compliance with Anti-Cash Laundering legal guidelines.

Extra importantly, the bill has “legitimized” stablecoins for institutional utilization, because the “first step” towards establishing a “unified digital monetary system which is borderless, programmable and environment friendly,” Andrei Grachev, managing associate at DWF Labs and Falcon Finance, informed Cointelegraph.

The passage of the act impressed a number of cost giants to announce plans for a stablecoin. In September, Visa launched a pilot program that enabled banks, companies, and remittance corporations to fund worldwide funds immediately with stablecoins, slightly than pre-funding native accounts.

Journal: Bitcoin vs stablecoins showdown looms as GENIUS Act nears