Coinbase Global Inc. is reportedly in advanced negotiations to acquire BVNK, a London-based fintech company specializing in stablecoin payment infrastructure. The potential acquisition is valued between $1.5 billion and $2.5 billion, which would make it the largest deal to date in the stablecoin sector, surpassing Stripe's $1.1 billion acquisition of Bridge. Sources indicate that while talks are ongoing and no final agreement has been reached, Coinbase is the leading bidder against other interested parties, including Mastercard. The news was met with a positive market reaction, as Coinbase's stock price (COIN) saw an increase of 3.54% to $400.71 following the reports. This potential acquisition highlights a growing trend of major financial and crypto companies competing to control the infrastructure for digital payments. BVNK provides enterprise-grade infrastructure for businesses to facilitate payments using stablecoins and recently received an investment from Citi.