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Home News Coinbase and Mastercard Compete to Acquire Stablecoin Startup BVNK, Valuation Soars to $25 Billion

Coinbase and Mastercard Compete to Acquire Stablecoin Startup BVNK, Valuation Soars to $25 Billion

BlockBeats News, October 10th, according to Fortune report, both Coinbase and Mastercard have entered into advanced negotiations to acquire the stablecoin startup BVNK, with the transaction valuation estimated between 15 billion and 25 billion U.S. dollars. Currently, Coinbase is in the lead in the bidding process.

BVNK was founded in 2021, headquartered in London, focusing on providing enterprises with stablecoin payment, cross-border settlement, and fund management solutions.

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