On October 13, 2025, reports emerged that Coinbase Global Inc. and Mastercard are in advanced negotiations to acquire the London-based stablecoin infrastructure company, BVNK. This news continued to be a significant driver for Coinbase on October 14, 2025. The potential deal is valued between $1.5 billion and $2.5 billion, which would represent the largest acquisition in the stablecoin sector to date. Sources indicate that Coinbase may have an advantage in the bidding process. In reaction to the news, Coinbase's stock (COIN) experienced a notable increase, climbing 3.54% to $400.71. The acquisition of BVNK, which provides infrastructure for integrating stablecoins into payment and treasury operations, would significantly bolster Coinbase's footprint in the rapidly expanding stablecoin market. This move is seen as a strategic effort by both crypto-native companies and traditional financial institutions to capitalize on the future of digital payments.