Bitcoin (BTCUSD) hit a new all-time high of over $126,000 on Oct. 6, adding another big milestone to this year’s rally across crypto. At the same time, stablecoins are scaling fast, with B2B stablecoin payments jumping 30x to $3 billion in monthly volume this year, and total stablecoin market cap nearing $300 billion. That surge is pulling in major players, with Visa (V) testing stablecoin prefunding to speed up business payouts as traditional payment firms rush to keep pace with this shift.
Coinbase (COIN) has also ridden this momentum, scoring almost 95% gains over the last six months, a sign of how well it’s positioned in this market. Reports now say Coinbase and Mastercard (MA) are in advanced talks to buy London-based BVNK, a stablecoin infrastructure firm, in a deal that could land between $1.5 billion and $2.5 billion. A move like this could reshape Coinbase’s role in stablecoins right as its Q3 2025 earnings approach in the coming weeks.
