Coinbase’s $2B Plan to Acquire BVNK: How the Deal Could Transform Stablecoin Payments

The world of digital money has changed quickly, and stablecoins are now at the center of this shift. By 2025, people and companies used stablecoins to move more than $10 trillion a year. They are fast, low-cost, and easy to send across countries. Because of this, large companies are competing to build better systems for stablecoin payments.

Coinbase, one of the biggest names in crypto, appears ready to take its next major step. The company is now in late-stage discussions to buy BVNK, a global payments and stablecoin infrastructure platform, for around $2 billion. This is more than just a business deal. It shows that Coinbase wants to move beyond being only a crypto exchange and become a major provider of digital payment technology.

In recent months, stablecoins became an important part of Coinbase’s revenue, contributing nearly 20% of income in Q3 2025. This explains why the company is pushing deeper into this space. BVNK’s technology could help Coinbase handle payments faster, support more currencies, and offer stronger tools for businesses that want to use stablecoins for international transactions.

BVNK is a London-based company founded in 2021. Even though it is young, it has grown quickly by offering tools that make it easy for businesses to send and receive stablecoin payments. Investors such as Citi Ventures, Visa, and Haun Ventures have supported its expansion.

Reports say Coinbase is working on a cash-and-stock offer worth about $2 billion. The deal could close by late 2025 or early 2026 if it passes regulatory checks. The high price reflects how valuable payment infrastructure has become. Companies that help move money across borders often trade at high valuations because they solve expensive and slow problems in global finance. Coinbase already owns a small stake in BVNK through its investment arm. This reduces integration challenges and may allow both companies to combine their systems more quickly if the deal is approved.

What BVNK Actually Does

To understand why Coinbase wants BVNK, it helps to know how the company works. BVNK builds software that connects traditional banking and stablecoins. Businesses using BVNK can accept payments in digital dollars, settle transactions almost instantly, and manage currency conversions without waiting for slow banking systems.

BVNK supports more than 100 currencies and can route payments through different blockchains. For smaller and faster transfers, it may use Solana. For large institutional payments, it may choose Ethereum. This flexibility helps businesses save time and dramatically reduce costs. In some cases, companies using BVNK pay up to 70% less compared to traditional international bank transfers.

Today, cross-border payments are still expensive and slow. The global market is more than $190 trillion, yet many payments take days to reach their destination. BVNK offers a smoother alternative, making it attractive to fast-growing companies and large enterprises.

Why This Fits Coinbase’s New Strategy

Coinbase has been shifting from a trading-focused company to a broader financial technology provider. Its USDC stablecoin partnerships and its Base blockchain are examples of this strategy. In Q3 2025 alone, Coinbase earned $246 million from stablecoins. If Coinbase acquires BVNK, it could offer businesses a complete system for handling digital payments, from accepting USDC at checkout to managing payouts in multiple currencies. This would help Coinbase compete with companies like Circle, PayPal, and even traditional payment networks.

For a retailer, this could mean instantly receiving USDC from customers around the world, then converting it to local currency through Coinbase within seconds. Instead of paying high fees for international transfers, the cost could drop from around 2% to as low as 0.2%. In July 2025, the United States introduced the GENIUS Act, which created strict rules for stablecoin issuers. Companies now need to hold full collateral for every token they issue, follow clear liquidity rules, and meet high reporting standards. This increased trust in stablecoins and pushed more businesses to explore them for payments. Because BVNK already built compliance tools aligned with global standards, merging it with Coinbase could make it easier for companies to use stablecoins confidently and legally across different regions.

If the deal goes through, it may create one of the strongest stablecoin payment platforms in the world. Merchants may gain faster global payments, developers may access better tools, and companies may reduce the cost of sending money across borders. Coinbase would also be better positioned for a future where digital dollars, tokenized assets, and programmable payments become normal parts of business operations.

The coming years will show whether this acquisition becomes a turning point. But one thing is clear, the race to build the next generation of global payment systems is happening now, and stablecoins are at the center of it.