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[Coinbase Reportedly Plans $2 Billion Acquisition of Stablecoin Startup BVNK] Coinbase is in talks to acquire stablecoin infrastructure startup BVNK for $2 billion, with the deal expected to be completed by late 2025 or early 2026. Founded in 2021, BVNK provides enterprise-grade stablecoin payment services, and Coinbase Ventures is already an investor. In the third quarter of 2025, the stablecoin business accounted for 20% of Coinbase's total revenue, approximately $246 million.