Mastercard Enters $2.5B Bidding War With Coinbase for UK Stablecoin Firm BVNK

TLDR: Coinbase and Mastercard are competing to buy BVNK in a deal valued between $1.5B and $2.5B. BVNK’s valuation has tripled in 10 months following Citi’s latest investment round. BVNK supports $20B in payment volume, integrating stablecoin and multi-chain payment systems. Fortune reports Coinbase currently holds an edge in negotiations to acquire the London-based firm. [...]

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