Coinbase Global Inc. is reportedly in advanced negotiations to acquire London-based stablecoin infrastructure firm BVNK, with sources indicating a potential valuation between $1.5 billion and $2.5 billion. This move is seen as a strategic effort by Coinbase to solidify its position in the rapidly expanding stablecoin payments sector. The acquisition would represent the largest stablecoin-related purchase to date. Reports suggest that Mastercard is also a potential suitor for BVNK, a company backed by Visa and Citi. News of the potential acquisition led to a positive market reaction, with Coinbase's stock (COIN) rising by 3.54% on October 13, 2025, to $400.71. This potential deal highlights the increasing convergence of traditional finance and blockchain technology in the realm of digital payments.