Coinbase International Inc., the world’s third-largest cryptocurrency change, is constant its stablecoin push, after key laws in the US sparked a renewed wave of company curiosity in blockchain-based funds.
Coinbase change is reportedly in late-stage talks to amass stablecoin infrastructure startup BVNK in a $2 billion deal, individuals aware of the matter instructed information outlet Bloomberg, in accordance with a Friday report.
The $2 billion acquisition is anticipated to shut later this yr or in early 2026, pending due diligence from the change, in accordance with the nameless supply.
The stablecoin push might carry an extra income for Coinbase, which primarily depends on cryptocurrency buying and selling charges to generate a revenue.
Nonetheless, about $246 million, or 20% of Coinbase’s income, got here from stablecoins in the course of the third quarter of 2025, in accordance with the change’s earnings outcomes, revealed on Thursday.
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Based in 2021, London-based BVNK provides 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 traders together with Citi Ventures, Visa and Haun Ventures, in accordance 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 invoice 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, instructed 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 companies to fund worldwide funds straight with stablecoins, as a substitute of pre-funded native accounts.
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