Coinbase Ends Talks to Acquire BVNK, Impact on Stablecoin Sector Uncertain

Coinbase has terminated its $2 billion acquisition talks with UK stablecoin infrastructure firm BVNK, ending a deal that would have significantly impacted the industry. The two companies mutually agreed to part ways after reaching due diligence, though the reasons for the deal’s collapse remain undisclosed. 50M in funding at a valuation of $750M raised by BVNK in December 2024 reflects the growing value and potential of this sector. While Coinbase will need to adjust its stablecoin strategy through organic growth, smaller acquisitions, or partnerships, industry experts believe this deal’s collapse highlights challenges for future acquisitions in the space.