Coinbase (COIN.US) plans to spend $2 billion to acquire BVNK to accelerate the development of a stablecoin payment ecosystem.

According to the Zhitong Financial APP, it has been learned from informed sources that the American cryptocurrency trading platform giant Coinbase (COIN.US) is in acquisition negotiations with the stablecoin infrastructure startup BVNK based in London, with a transaction valuation of approximately $20 billion. The deal is currently in the late stages of due diligence. Sources said that if everything goes smoothly, the transaction is expected to be completed by the end of this year or early next year, but terms may still be adjusted, and there is also the possibility that the negotiations may ultimately fall through.