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Coinbase, Mastercard in advanced talks to buy $2B stablecoin firm
The largest U.S. crypto exchange Coinbase (Nasdaq: COIN) and the payments giant Mastercard (NYSE: MA) are in advanced talks to acquire London-based stablecoin firm BVNK, Fortune reported. While no details are final, the acquisition would cost $1.5 billion to $2.5 billion, the report claimed by citing sources. Once finalized, it would be the largest stablecoin acquisition yet. There is no winning bidder but Coinbase seems to have an edge over Mastercard. Chris Harmse, Jesse Hemson-Struthers, and Donald Jackson founded BVNK in 2021. It is a stablecoin infrastructure firm that helps companies use stablecoins for ... (full story)
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