In what could mark one of the biggest shake-ups in the digital payments landscape, Coinbase and Mastercard are reportedly going head-to-head to acquire BVNK, a London-based stablecoin infrastructure firm driving the next generation of global money movement.
According to Fortune, both companies are in advanced talks to purchase BVNK in a deal that could be worth between $1.5 billion and $2.5 billion — a valuation that would make it the largest stablecoin-related acquisition to date.
BVNK: powering the next wave of global money movement
Founded in 2021, BVNK has rapidly evolved from a London startup into one of the UK’s most talked-about fintech success stories. The company sits quietly behind the scenes, powering the next generation of payments with technology that lets businesses send money instantly across borders using stablecoins. Its platform also helps companies manage their digital treasuries more efficiently — a capability that’s becoming increasingly essential in a globalized, always-on economy.
Backed by finance giants: Coinbase Ventures, Visa, and Citi
BVNK’s rise has caught the attention of some of the biggest names in finance. Backed by Coinbase Ventures, Visa, and Citi, the company’s valuation has already tripled since its last funding round, where it was pegged at $750 million. Now, with interest from both Coinbase and Mastercard, BVNK’s influence looks set to grow even further.
The competition to acquire BVNK highlights a major turning point for finance. Wall Street and Silicon Valley are no longer on opposite sides of the innovation spectrum — they’re meeting in the middle, in the stablecoin sector. As the market surpasses $300 billion and new regulations like the U.S. GENIUS Act offer clearer guardrails, traditional financial giants are scrambling to lock in their share of this emerging ecosystem.
What this means for the future of finance
If the Coinbase–Mastercard deal is finalized, it would surpass Stripe’s $1.1 billion acquisition of Bridge, marking a milestone moment for the industry — and cementing stablecoins as the backbone of the next chapter in global digital finance.
