Coinbase Eyes Big Buyout to Boost Stablecoin Game

Coinbase, a leading name in the cryptocurrency space, is reportedly in talks to acquire BVNK, a London-based startup specializing in stablecoin payments. This potential acquisition, valued at approximately $2 billion, is expected to close by early 2026.

The Rise of Stablecoins

Stablecoins, which are digital currencies pegged to stable assets like the US dollar, are becoming increasingly important for Coinbase. Currently, they account for around 20% of the company's revenue. This acquisition could significantly boost Coinbase's income, especially as the company heavily relies on trading fees.

BVNK's Role in the Ecosystem

BVNK provides infrastructure that enables businesses to use stablecoins for payments. Coinbase has already shown interest in BVNK through its venture capital arm. BVNK has raised $90 million from prominent investors, including Citi Ventures and Visa.

The GENIUS Act and Its Impact

This deal comes on the heels of the GENIUS Act, a US law that sets regulatory guidelines for stablecoins. The act has legitimized stablecoins, making them more attractive for large corporations. As a result, companies like Visa have started exploring stablecoin integration.

A Game-Changer for the Crypto World

The GENIUS Act is a significant milestone for stablecoins, paving the way for broader adoption and new use cases. This development could be a game-changer for the cryptocurrency industry, opening up new opportunities for innovation and growth.