Insider: Coinbase is in advanced talks to acquire the stablecoin infrastructure startup BVNK.

According to sources familiar with the matter, cryptocurrency exchange Coinbase is in advanced negotiations to acquire the stablecoin infrastructure startup BVNK, with a transaction size of approximately $2 billion. The deal is currently pending completion of due diligence. Coinbase's venture capital arm, Coinbase Ventures, is already an investor in BVNK. One source, who requested anonymity due to the deal not being public yet, stated that San Francisco-based Coinbase is expected to finalize the transaction later this year or early next year. However, the terms of the deal are still subject to change, and there is a risk that the transaction may fall through.