Coinbase is reportedly in advanced negotiations to acquire stablecoin infrastructure startup BVNK, with the deal valued at approximately $2 billion. The acquisition is subject to due diligence and could be finalized by the end of this year or early next year. Coinbase Ventures is already an investor in BVNK, and the parties are currently in an exclusive negotiation phase. Coinbase's stablecoin business accounted for about 20% of its revenue in the third quarter. The company is actively promoting USDC through its partnership with Circle and is expanding its applications, including payment solutions.