Coinbase Global Inc. is reportedly in advanced negotiations to acquire BVNK, a London-based stablecoin infrastructure company, in a deal valued between $1.5 billion and $2.5 billion. Several sources indicate that Coinbase is the leading bidder against payments giant Mastercard for the acquisition. If finalized, this would represent the largest acquisition of a stablecoin infrastructure company to date, highlighting the increasing competition between crypto-native firms and traditional financial institutions to dominate the future of digital payments. The news was met with a positive market reaction, as Coinbase's stock price (COIN) saw a notable increase, trading at $400.71, up 3.54% on October 10, 2025. This potential acquisition is seen as a strategic move for Coinbase to bolster its position in the rapidly expanding stablecoin market, which has grown to over $304 billion.