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Coinbase has ended its acquisition talks with BVNK, which processes over $20 billion annually for global payment services. Both parties mutually agreed to walk away, allowing other companies like Mastercard to pursue BVNK. The reasons for the decision were not disclosed.
BVNK is teaming up with Visa to integrate stablecoin payments into Visa Direct's network. This partnership allows select business customers to use stablecoins for funding payouts, expanding options for global payments.