Citi invests in stablecoin firm BVNK, its valuation now exceeds $750M

Cleartoken has received approval from the UK Financial Conduct Authority (FCA) to launch a regulated digital-asset settlement service. This service will facilitate transactions involving cryptocurrencies, stablecoins, and fiat currencies, marking a significant step in the regulation of digital assets in the UK.

The yield gap between cryptocurrency and traditional finance (TradFi) is narrowing, driven by the rise of stablecoins, staking tokens, and real-world assets (RWAs). This trend has been significantly supported by the historic approval of the US GENIUS Act in July 2025, which has facilitated new avenues for yield generation in the crypto space. As these financial instruments gain traction, they are helping to bridge the gap that has traditionally existed between the two sectors, making crypto investments more appealing and potentially increasing their adoption.

The yield gap between cryptocurrency and traditional finance (TradFi) is narrowing, driven by the rise of stablecoins, staking tokens, and real-world assets (RWAs). This shift has been significantly supported by the historic approval of the US GENIUS Act in July 2025, which has enhanced the yield-generation potential in the crypto sector. As these new financial instruments gain traction, they are helping to bridge the gap that has historically favored traditional finance, making crypto investments more attractive to a broader audience.

Acquisition talks between Coinbase and UK-based stablecoin startup BVNK have collapsed, likely influenced by the Bank of England's recent proposal for a stablecoin framework. This proposal may have raised concerns for Coinbase, leading to their decision to withdraw from the $2 billion deal. The situation highlights the potential impact of regulatory developments on cryptocurrency business transactions, emphasizing the need for clarity in the evolving landscape of digital currencies.

The Bank of England's deputy governor, Sarah Breeden, has warned that a potential softening of the UK's stance on stablecoins could threaten financial stability and lead to a credit crunch. This statement highlights concerns regarding the regulation of stablecoins, which are digital currencies pegged to stable assets. The implications of such a shift in policy are significant, as it could disrupt credit markets in the UK, affecting lending and borrowing practices. Breeden's remarks underscore the importance of maintaining stringent regulations to safeguard the financial system.

Coinbase has terminated its $2 billion acquisition talks with U.K.-based stablecoin startup BVNK, signaling a significant shift in its strategy regarding stablecoins. This decision comes as a surprise, given the potential impact the merger could have had on the stablecoin market. The collapse of these talks highlights the challenges and uncertainties facing major players in the cryptocurrency industry, particularly as they navigate evolving market dynamics and regulatory landscapes. The outcome may influence future developments in the stablecoin sector and reflects broader trends within the cryptocurrency ecosystem.

Coinbase has abandoned its plan to acquire BVNK, a London-based startup specializing in stablecoin infrastructure, in a deal valued at approximately $2 billion. This acquisition was anticipated to be one of Coinbase's most significant to date, with a projected closing date between late 2025 and early 2026. The decision to withdraw from the deal highlights the challenges and uncertainties within the cryptocurrency market, particularly regarding large-scale acquisitions.

Coinbase has canceled its planned $2 billion acquisition of the stablecoin startup BVNK. This decision comes amid increasing competition and evolving strategies in the stablecoin payment sector. The cancellation highlights the challenges faced by cryptocurrency companies as they navigate a rapidly changing market landscape, which could impact their growth and investment strategies.