Coinbase Scuttles $2 Billion Deal to Acquire Stablecoin Startup BVNK
Coinbase Scuttles $2 Billion Deal to Acquire Stablecoin Startup BVNK
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Coinbase has reportedly abandoned its plan to acquire stablecoin startup BVNK in a deal valued at $2 billion. Prior to Coinbase's exclusive agreement, Mastercard was also reportedly in pursuit of a deal with BVNK.
Mastercard also reportedly pursued a deal with BVNK prior to the startup entering into an exclusivity deal with Coinbase.