Citi invests in stablecoin infrastructure firm BVNK as U.S. banks deepen crypto exposure

Visa has launched a stablecoin payout pilot aimed at global freelancers and gig workers, utilizing blockchain technology. This initiative, announced on November 12, 2025, is expected to transform the way payments are made in the gig economy, offering instant and secure transactions. The pilot represents a significant advancement in the financial landscape, potentially revolutionizing global payments for millions of workers.

Circle, a stablecoin issuer, has announced plans to introduce a native token for its Arc blockchain following a significant surge in profits for Q3 2025. The company is considering implementing stablecoin-denominated gas fees on the Arc platform, which reflects its commitment to enhancing user experience and operational efficiency. Additionally, Circle aims to transition towards distributed governance in the long term, indicating a shift towards a more decentralized approach in managing the blockchain. This development is significant as it highlights Circle's growth and innovation in the cryptocurrency space, potentially influencing the broader market dynamics.

Japan's first yen stablecoin issuer, JPYC, has reported that increasing demand for stablecoins could significantly influence the country's bond market. This development suggests that stablecoin reserves may emerge as a new force in Japan's financial landscape, potentially filling gaps left by the central bank's bond-buying activities. The positive sentiment surrounding this trend highlights the evolving role of cryptocurrencies in traditional finance, particularly in a market that is adapting to new financial instruments.

A recent analysis indicates that the increasing supply of stablecoins reflects historical liquidity patterns that often precede significant rallies in Bitcoin's price. This has led to speculation that Bitcoin could reach a target price of $124,000 soon, marking a pivotal moment in the cryptocurrency market.

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.

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.