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 Coinbase in Talks for $2B BVNK Acquisition to
Coinbase is reportedly negotiating a $2 billion acquisition of stablecoin infrastructure startup BVNK, according to Bloomberg.
The move aligns with Coinbase’s strategy to diversify its revenue, as stablecoins already make up 20% of its quarterly income ($246 million). BVNK, founded in 2021, offers enterprise-grade stablecoin payments and has backing from Visa, Citi Ventures, and Haun Ventures. 

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