1️⃣ Coinbase and Mastercard are vying to acquire BVNK, a UK-based firm that integrates stablecoins into payments, cross-broder transfers, and treasury operations.
2️⃣ According to Fortune, purchasing BVNK could cost Coinbase or Mastercard anywhere between $1.5B and $2.5B.
3️⃣ The takeover talks come on the heels of the GENIUS Act being passed in June, which has helped propel the stablecoin market cap to $309.5B.
4️⃣ Developments like these attract more attention to crypto, so now might also be an opportune time to check out trending altcoins.
Coinbase and Mastercard are reportedly competing to acquire BVNK, a UK-based stablecoin company.
Depending on which deal wins, Coinbase would reinforce its position in the stablecoin market.
And what does this mean for Mastercard? The TradFi giant may update its payment infrastructure to keep pace with the demand for fiat-pegged digital money.
Both outcomes represent a significant step in bringing mainstream users into the crypto space. Thus, there may not be a better time to scoop up the best altcoins to buy ahead of the next season.
BVNK Might Fetch Up to $2.5B in Coinbase-Mastercard Takeover
Since going live in 2021, BVNK has been well-known for seamlessly integrating stablecoins into payments, cross-border transfers, and treasury operations.
The firm hit its stride in December of last year, raising $50M in a Series B round that valued it at $750 million.
According to sources like Fortune, it’ll cost around $1.5B–$2.5B for Coinbase or Mastercard to acquire BVNK.
Suppose Mastercard does get its way, it wouldn’t be the first major bank to back BVNK. Visa invested in the company back in May, but the exact amount was never officially disclosed.
Visa’s investment was likely strategic, considering it occurred just before President Trump signed the GENIUS Act in July. As a result, there’s now an established federal framework for stablecoin issuers in the US, helping the market hit a sizable $309.5B market cap to date.
US dollar-backed stablecoins lead the race – $USDT with a $177.9B market cap, followed by $USDC at $75.4B.
But it’s not only stablecoins that benefit from this renewed institutional adoption and regulatory clarity.
Increased market liquidity and accessibility often spill over into the broader crypto market. It may potentially fuel the growth of altcoins, such as those with competitive edges, like Bitcoin Hyper ($HYPER), INFINIT ($IN), and Snorter Token ($SNORT).
1. Bitcoin Hyper ($HYPER) – Layer-2 Network Aiming to Fix Bitcoin’s Biggest Flaws
Bitcoin Hyper ($HYPER) sets out to solve Bitcoin’s biggest pain points, including speed, cost, and scalability.
It aims to achieve this by launching a Layer-2 (L2) network that’ll leverage the Solana Virtual Machine (SVM).
As a result of Bitcoin’s limited ability to handle Transactions Per Second (TPS), users compete for block space. Not only does this slow down Bitcoin’s transaction speeds, but it drives up the network’s fees, which currently average $1.258 – roughly 46,500% higher than Solana’s $0.0027.
So, Hyper taking advantage of the SVM’s capabilities makes the utmost sense to create a cost-friendly alternative chain.
Unlocking Bitcoin’s full potential, however, is a Canonical Bridge. By bridging the original network with the L2, you’ll be able to access DeFi, NFTs, dApps, and even check out the next crypto to explode on launchpads.
However, to fully leverage the Hyper ecosystem’s suite of benefits, you’ll want to acquire some $HYPER during the presale. Right now, the token’s available for just $0.013095.
$HYPER has already raised a whopping $23M in presales, offering exclusive benefits to token holders, including governance rights, lower gas fees, and staking rewards currently at a 51% APY.
There’s no better time to join the $HYPER presale; its price will increase tomorrow and is anticipated to break $0.32 this year. (Check out our Bitcoin Hyper price prediction for more information.)
2. INFINIT($IN) – Blends DeFi With Real-World Business Tools, Token Spikes 119%
$IN is the native token of INFINIT, a vertical banking platform that’s solely built for small and medium-sized enterprises (SMEs).
And it’s succeeding at doing precisely that, as evidenced by it operating across 10+ countries, generating $200M+ in finance, and targeting 200K SMEs.
To access INFINITE’s full range of features, you need to purchase $IN. The token unlocks advanced AI-agent strategies, fee discounts, premium tools, and higher usage limits.
$IN also thrives on the platform’s developments. For instance, the token has increased by over 119% since yesterday, following news that INFINIT launched ‘Agentic DeFi’ on the Plasma platform. In doing so, it has integrated over $5B in deep liquidity with instant settlement.
As this new development continues to gain traction, now may be a favorable time to purchase $IN. It’s available on some of the best crypto exchanges (including MEXC and Binance) for roughly $0.25.
3. Snorter Token ($SNORT) – Telegram Trading Bot Set to Go Live on Solana Soon
As the native token of the upcoming Telegram trading bot Snorter Bot, Snorter Token ($SNORT) is making waves on presale, having raised over $4.5M.
The bot will first launch on Solana to leverage its fast speeds, automation, simplicity, and cost-friendly fees. Then, it’ll branch out across Ethereum and other EVM-compatible chains so that you can expand your horizons beyond the best Solana meme coins.
To get the most out of the bot, however, you’ll want to buy $SNORT on presale. In doing so, you’ll also be granted lower trading fees (0.85% vs. up to 2%), 110% APY staking rewards, and exclusive premium tools.
One $SNORT currently costs only $0.1075, but don’t wait to buy at this price. Once listed on top exchanges, our Snorter Token price prediction says it could break around $0.94 this year.
Buy $SNORT for possible 774% gains.
Disclaimer: This isn’t financial advice. Always DYOR and don’t invest more than you’re willing to lose.
Authored by Leah Waters, Bitcoinist – https://bitcoinist.com/best-altcoins-coinbase-mastercard-stablecoin-deal
