Coinbase Eyes Big Buyout to Boost Stablecoin Game

Coinbase, a major player in the crypto world, is looking to spend big on a startup called BVNK. This move is part of Coinbase's plan to get more into stablecoins, which are cryptocurrencies tied to stable assets like the dollar. The deal could be worth around $2 billion and might wrap up by early 2026. Stablecoins are becoming a big deal for Coinbase. Right now, they make up about 20% of the company's revenue. This acquisition could help Coinbase bring in even more money, especially since they mostly rely on trading fees. BVNK, based in London, helps businesses use stablecoins for payments. Coinbase has already invested in BVNK through its venture capital arm. BVNK has raised $90 million from big names like Citi Ventures and Visa. This deal comes after the U. S. passed a law called the GENIUS Act. This law sets rules for stablecoins and makes them more legit for big companies to use. Since the law passed, other big companies like Visa have started exploring stablecoins too. The GENIUS Act is a big step for stablecoins. It makes them more official and opens up new possibilities for how they can be used. This could be a game-changer for the crypto world.