Coinbase Targets Stablecoin Expansion Through Acquisition of BVNK

Coinbase is pursuing ambitious plans to integrate stablecoins into its operations, with a potential acquisition of BVNK potentially worth $2 billion. This move reflects the company’s recognition of stablecoins as a key driver of growth following the passage of the GENIUS Act, which established clear guidelines for their development and usage. The deal is expected to close later this year or early next year, adding stability coin-related revenue streams beyond trading fees.