Coinbase Global Inc., the world’s third-largest cryptocurrency exchange, is continuing its stablecoin push, after crucial legislation in the United States triggered a restored wave of business interest in blockchain-based payments.
Coinbase exchange is apparently in late-stage talk with obtain stablecoin facilities start-up BVNK in a $2 billion offer, individuals acquainted with the matter informed news outlet Bloomberg, according to a Friday report.
The $2 billion acquisition is anticipated to close later on this year or in early 2026, pending due diligence from the exchange, according to the confidential source.
The stablecoin push might bring an extra source of income for Coinbase, which primarily counts on cryptocurrency trading charges to produce an earnings.
Nevertheless, about $246 million, or 20% of Coinbase’s income, originated from stablecoins throughout the 3rd quarter of 2025, according to the exchange’s profits outcomes, released on Thursday.
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Established in 2021, London-based BVNK uses merchants enterprise-grade stablecoin payments. Coinbase’s equity capital wing, Coinbase Ventures, is a financier in the stablecoin facilities start-up.
BVNK raised $90 million in financing over the previous 4 years, from financiers consisting of Citi Ventures, Visa and Haun Ventures, according to the start-up’s homepage.
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GENIUS Act’s passage triggers business stablecoin push
The $2 billion offer would mark the most recent massive acquisition in the middle of a growing wave of business interest in stablecoins, catalyzed by the passage of the Guiding and Developing National Development for United States Stablecoins (GENIUS) Act in July.
The GENIUS Act developed clear guidelines for stablecoin collateralization and requireds compliance with Anti-Money Laundering laws.
More significantly, the costs has actually “legitimized” stablecoins for institutional use, as the “primary step” towards developing a “unified digital monetary system which is borderless, programmable and effective,” Andrei Grachev, handling partner at DWF Labs and Falcon Financing, informed Cointelegraph.
The passage of the act influenced numerous payment giants to reveal prepare for a stablecoin. In September, Visa introduced a pilot program that allowed banks, organizations, and remittance companies to money global payments straight with stablecoins, rather of pre-funded regional accounts.
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