Coinbase Global, Inc. (NASDAQ:COIN) is reportedly in advanced negotiations to acquire London-based stablecoin infrastructure firm BVNK, with a potential valuation between $1.5 billion and $2.5 billion. According to reports, Coinbase is in a bidding process against Mastercard for the acquisition. The news of the potential deal, which would be one of the largest in the stablecoin sector, was met with a positive market reaction, as Coinbase's stock price saw a 3.54% increase, climbing to $400.71. BVNK specializes in helping businesses integrate stablecoins for payments and cross-border transactions, and a successful acquisition would significantly bolster Coinbase's position in the expanding stablecoin market.