Coinbase is planning to acquire stablecoin infrastructure BVNK for around $2 billion.

BlockBeats News, November 1st, according to Bloomberg, Coinbase is planning to acquire stablecoin infrastructure startup BVNK for about $2 billion. The acquisition is in late-stage negotiations, with the deal expected to be completed by the end of this year or early next year, pending due diligence.

If the deal goes through, this will be the latest example in the recent surge of mergers and acquisitions in the stablecoin space. Coinbase's move aims to reduce reliance on transaction fees, diversify revenue streams, and increase stablecoin adoption.