Coinbase is reportedly in advanced talks to acquire stablecoin payment infrastructure firm BVNK for approximately $20 billion. This acquisition, expected to finalize by late 2026, would be the largest in the stablecoin sector to date. BVNK, which was valued at $7.5 billion in its latest funding round, has rapidly expanded since its inception in 2021, processing over $200 billion in annualized transactions. The deal is set to bolster Coinbase's capabilities in stablecoin-based payments, aiming to diversify its revenue streams beyond volatile trading fees.