Coinbase cancels $2B acquisition of stablecoin startup BVNK
Crypto Briefing
Coinbase has abandoned its planned $2 billion acquisition of stablecoin infrastructure startup BVNK.Summary
US cryptocurrency exchange Coinbase has canceled its planned $2 billion acquisition of BVNK, a London-based startup specializing in stablecoin infrastructure. The deal was intended to enhance Coinbase's stablecoin payments capabilities. Notably, Mastercard had also been in advanced discussions to acquire BVNK as part of its own expansion into stablecoin infrastructure, highlighting growing competition in this sector, especially as stablecoins gain importance as a core payments tool following recent congressional legislation.
(Source：Crypto Briefing)