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Coinbase has called off its $2 billion acquisition of BVNK, a U.K.-based stablecoin startup, after weeks of exclusivity discussions and due diligence. The deal would have been Coinbase’s largest move into the stablecoin market, but the decision to end talks has caused COIN shares to drop. Despite this, Coinbase remains interested in expanding its stablecoin services through other means.
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