Why Coinbase Abandoned Its $2B Stablecoin Acquisition Plan!

Coinbase has called off its $2 billion plan to acquire UK-based stablecoin infrastructure firm BVNK, ending what had been one of the most anticipated crypto M&A deals of the year. The discussions — which reportedly reached exclusivity stages — collapsed after both parties “mutually agreed not to move forward,” a Coinbase spokesperson confirmed.

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