Coinbase’s interest in BVNK reflects its wider ambition to become a leader in digital payment infrastructure. Earlier this week, it launched a pilot program with to test stablecoin-based corporate transfers, connecting traditional bank systems with blockchain networks for faster settlement.
Founded in 2021, BVNK has raised approximately $90 million and enables merchants to process both cryptocurrency and stablecoin payments. Its regulatory-ready systems and integration tools could offer Coinbase a stronger foundation in cross-border payments.
Meanwhile, Coinbase Chief Executive Brian Armstrong recently told reporters that U.S. lawmakers are “90 percent aligned” on a crypto market structure bill expected before the end of the year. He said the legislation would provide long-awaited clarity for trading, custody, and stablecoin issuance—conditions that could benefit companies like Coinbase as they expand into mainstream finance.
