Coinbase's stock increased by 3.54% to $400.71 after reports emerged of advanced discussions between Mastercard and Coinbase to acquire stablecoin infrastructure firm BVNK. The potential deal, valued between $1.5 billion and $2.5 billion, could mark the largest stablecoin acquisition to date. This move is seen as part of Coinbase's strategy to enhance its role in the global payments landscape, as the stablecoin market currently stands at over $304 billion.