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The deal could value bvnk between $1.5 billion and $2.5 billion, according to fortune’s sources Sources said coinbase is reportedly ahead. If purchased at an estimated value between $1.5 billion and $2.5 billion, the acquisition would mark the largest stablecoin deal to date

The discussions are ongoing, with coinbase reportedly leading the bid over mastercard, although inside sources insisted on anonymity. Sources indicate that coinbase currently. Insider sources, preferring anonymity, have confirmed that the discussions are ongoing, with coinbase having the upper hand in acquiring bvnk.

Coinbase and mastercard are in talks to buy bvnk for up to $2.5 billion as both seek to expand in the stablecoin payment market under growing institutional adoption.

If completed, the deal would mark the largest acquisition in the stablecoin sector to date, surpassing stripe’s $1.1 billion purchase of bridge earlier this year

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