BVNK | Crypto

The appointments add traditional finance and institutional crypto experience as the layer-1 blockchain scales its post-launch strategy. The Monad Foundation has hired three senior executives from Optimism, FalconX and BVNK as it expands its focus on institutional adoption following its November mainnet launch. Urvit Goel joins as vice president of go-to-market from the Optimism Foundation, Joanita Titan becomes head of institutional growth after leading custody and staking at FalconX, and Sagar Sarbhai joins as head of institutions for Asia-Pacific, most recently at BVNK. The three executives previously held roles at JP Morgan, Deutsche Bank, Anchorage Digital, Fireblocks and Amazon, bringing backgrounds in traditional finance and institutional crypto infrastructure. Read more

A global survey of 4,658 crypto users found 39% receive income in stablecoins and 27% use them for payments, with stronger adoption in emerging markets. A global survey commissioned by BVNK and conducted by YouGov found that 39% of crypto users and prospective users across 15 countries receive income in stablecoins, while 27% use them for everyday payments, citing lower fees and faster cross-border transfers as key drivers. The survey of 4,658 respondents, conducted online in September and October 2025 among adults who currently hold or plan to acquire cryptocurrency, found that stablecoin users hold an average of about $200 in their wallets globally, though holdings in high-income economies average around $1,000.  It also found that 77% of respondents would open a stablecoin wallet with their primary bank or fintech provider if offered, and 71% expressed interest in using a linked debit card to spend stablecoins. Read more

Visa has chosen BVNK to power Visa Direct pilots using stablecoins, enabling pre-funded cross-border payouts to wallets in select markets. Visa has chosen United Kingdom‑based stablecoin infrastructure provider BVNK to power new Visa Direct pilots, allowing some business customers to pre‑fund cross‑border payouts in stablecoins and deliver digital US dollars directly to recipients’ wallets in select markets. The partnership, announced Wednesday, builds on Visa’s earlier stablecoin experiments, including onchain settlement tests with USDC on networks like Ethereum and Solana. The move follows a strategic investment in BVNK in May 2025 through its Visa Ventures arm, as card schemes race to embed tokenized dollars into their treasury and payout rails. Read more

Fortune reports that Coinbase’s $2 billion acquisition of BVNK fell through during due diligence, the final stage before closing a deal. Coinbase and stablecoin startup BVNK have reportedly parted ways on a $2 billion acquisition deal that would have been among the largest crypto company deals ever and would’ve significantly expanded Coinbase’s institutional stablecoin offering. Fortune reported on Tuesday that the decision was mutual, but it isn’t clear why the parties sought to cancel the deal. Coinbase and BVNK, which builds stablecoin infrastructure, had reached the due diligence stage of the deal after signing an exclusivity agreement in October. “After discussing a potential acquisition of BVNK, both parties mutually agreed to not move forward,” a Coinbase spokesperson told Fortune, adding that it would continue to explore other opportunities. Read more

Stablecoins are becoming an important source of income for Coinbase, as they accounted for about 20% of the exchange’s total revenue during the third quarter of 2025. Coinbase Global Inc., the world’s third-largest cryptocurrency exchange, is continuing its stablecoin push, after key legislation in the United States sparked a renewed wave of corporate interest in blockchain-based payments. Coinbase exchange is reportedly in late-stage talks to acquire stablecoin infrastructure startup BVNK in a $2 billion deal, according to a report by Bloomberg, citing people familiar with the matter. The $2 billion acquisition is expected to close later this year or in early 2026, pending due diligence from the exchange, according to the anonymous source. Read more

Payments giant Visa has made a strategic investment in stablecoin infrastructure startup, BVNK—its second crypto move in recent days.

Visa invests in London-based stablecoin payment startup BVNK through its Visa Ventures arm, marking another step in its growing involvement in crypto. Payments behemoth Visa has invested in BVNK, a London-based startup focused on stablecoin payment infrastructure, signaling continued interest in digital asset innovation. According to a May 7 BVNK announcement, the startup “secured a strategic investment from Visa through their Visa Ventures arm.” Furthermore, while the company does not explain fully what it entails, it refers to the investment as “more than capital” and describes it as a partnership. The company’s CEO, Jesse Hemson-Struthers, wrote: Rubail Birwadker, head of products and partnerships at Visa, explained that “stablecoins are fast becoming a part of global payment flows.” He said that Visa invests in new technologies and builders, such as BVNK, who are involved in “what’s next in commerce to better serve our clients and partners.” Read more