Coinbase Global, the world's third-largest cryptocurrency exchange, is constant its stablecoin policy after major laws within the United States sparked a renewed wave of corporate interest in blockchain-based payments.
According to a report on Friday, the Coinbase exchange is reportedly in late-stage talks to amass stablecoin infrastructure startup BVNK in a $2 billion deal, people conversant in the matter told Bloomberg.
According to the anonymous source, the $2 billion acquisition is predicted to shut this 12 months or early 2026, depending on the exchange's due diligence.
The stablecoin push could provide a further income for Coinbase, which relies totally on cryptocurrency trading fees to generate profits.
However, about $246 million, or 20%, of Coinbase's revenue got here from stablecoins within the third quarter of 2025, in keeping with the exchange's earnings results released on Thursday.
Coinbase total revenue, hundreds of thousands, third quarter 2025. Source: investors.coinbase.com
2021 London-based BVNK offers merchants enterprise-grade stablecoin payments. Coinbase's enterprise capital wing, Coinbase Ventures, is an investor within the stablecoin infrastructure startup.
According to the startup's homepage, BVNK has raised $90 million in funding over the past 4 years from investors including Citi Ventures, Visa and Haun Ventures.
The passage of the Genius Act sparks a company stablecoin push
The $2 billion deal can be the newest large-scale acquisition amid a growing wave of corporate interest in stablecoins, accelerated by the passage of the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act in July.
The GENIUS Act sets clear rules for collateralizing stablecoins and requires compliance with anti-money laundering laws.
More importantly, the bill has “legitimized” stablecoins for institutional use, as a “first step” toward making a “unified digital economic system that’s borderless, programmable and efficient,” Andrei Grachev, managing partner at DWF Labs and Falcon Finance, told Cointelegraph.
The passage of the law inspired several payments giants to announce stablecoin plans. In September, Visa launched a pilot program that allowed banks, businesses and remittance corporations to fund international payments directly with stablecoins as a substitute of pre-funded local accounts.
