According to Bloomberg, Coinbase is in late-stage talks to acquire stablecoin infrastructure startup BVNK in a deal valued at around $2 billion, pending due diligence and possibly completed as early as the end of this year or early next year. Coinbase Ventures is already one of the BVNK investors, and the two parties are currently in the exclusive negotiation stage. Coinbase generated about 20% of its revenue from its stablecoin business in the third quarter, and the company is partnering with Circle to promote USDC and expand related application scenarios, including payments.