“The Sale, IF It Goes Through, Could Become The Largest Stablecoin Acquisition to Date, with Coinbase Leading Bids OverCard, Sources Told Fortune.”, – WRITE: www.coindesk.com
The discussions have not be finalized, But Several of the Sources told Fortune that the Potential Sale Price Is Between $ 1.5 Billion and $ 2.5 Billion. The Talks May Still Fall Apart, Yet Coinbase Appears to be Ahead of MasterCard at this Stage, Three of the Sources told Fortune.
If Completed, The Acquisition Wound Be The Largest Stablecoin-Related Deal Yet, Signaling How Mainstream Financial and Crypto Firms Are Competing to Control The Next Wave of Dig.
A Year Ago, Stripe Acquired Another StableCoin Startup, Bridge, for $ 1.1 Billion, UndersCoring The Growing Demand for Blockchain-Based Payment Networks. Bvnk Operates in a Similar Space, Providing Tools that Help Businesses Send and Receive Funds Using Stablecoins, Digital Tokens Pegged To Traditional Currencies Like The Us Dellar. ITS Technology Enables Instant Settlement and Lower Fees Compared to Legacy Systems Such as Swift or Card Networks.
Neither Company Commented On the Talks, Fortune Reported. If a deal is finalized, IT Could Reshape Howlecoins Flow Through Both Crypto and Traditional Financial Systems.
Read More: Citi Joins Visa in Backing Stablecoin Payments Company Bvnk
BYBIT SAYS IS The FIRST Crypto Exchange to Get this Nod from Uae’s Securities and Commodities Authority.
- Under the Sca’s Virtual Asset Platform Operator License, Bybit Will Offer Regulated Virtual Asset Trading, Brokerage, Custody, and Fiat Conversion Services.
- The exchange plans to expand its local footprint by establishing a larger register regional operations center in about in abu dhabi with Over 500 Employees Across abu dhabi and dubai.
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