Coinbase and Mastercard are in a bidding war for the stablecoin startup BVNK, with the sale price estimated between $1.5 billion and $2.5 billion. Following the recent passage of the GENIUS Act, interest in stablecoin firms has surged, positioning Coinbase as the frontrunner in the acquisition.

Aave Labs has acquired Stable Finance to enhance its consumer-focused products in decentralized finance (DeFi). With Mario Baxter Cabrera becoming the Director of Product and the Stable engineering team joining Aave, the aim is to leverage Stable's technology to create user-friendly financial solutions, particularly in stablecoin savings. The existing Stable app will be phased out as its technology is integrated into future Aave products.

Ripple has announced its acquisition of prime broker Hidden Road for $1.25 billion, a significant move to bolster its institutional presence and stablecoin initiatives. The deal, which is pending regulatory approval, will enhance Hidden Road's operations and integrate Ripple's U.S. dollar-backed stablecoin, RLUSD, into its platform, showcasing Ripple's commitment to bridging traditional finance and digital assets.

Circle's acquisition of the tokenization startup Hashnote was valued at approximately $100 million, according to recent IPO filings. The deal included $9.9 million in cash and nearly 2.9 million shares, with additional shares contingent on employee vesting conditions. Circle aims to raise about $600 million through its upcoming IPO.

Stripe is creating a stablecoin-based product targeting customers outside the US, EU, and UK, utilizing technology from its recent $1.1 billion acquisition of Bridge. The product is in the testing phase, with Stripe seeking customer feedback on its features and functionality.

Ripple is set to acquire the stablecoin payments platform Rail for $200 million as part of its strategy to enhance its stablecoin infrastructure. This move follows significant investments in the cryptocurrency sector and aims to bolster the utility of its own stablecoin, RLUSD, which launched last year.

Ripple is set to acquire stablecoin payments firm Rail for $200 million to enhance its RLUSD stablecoin offerings. The Toronto-based company provides virtual accounts and automated systems, allowing seamless digital asset transactions, and the deal is expected to close in the fourth quarter of this year. With this acquisition, Ripple aims to strengthen its position in the expanding stablecoin ecosystem.