Lucinda Shen / Axios : Sources: Visa is in late-stage talks to buy stablecoin custody and infrastructure provider Fireblocks for ~$2.5B, its first acquisition in the stablecoin sector — Visa is in late stage talks to acquire stablecoin infrastructure and custody company Fireblocks for about $2.5 billion, Axios Pro has learned from multiple sources.
Sources: Visa is in late-stage talks to buy stablecoin custody and infrastructure provider Fireblocks for ~$2.5B, its first acquisition in the stablecoin sector (Lucinda Shen/Axios)
In short
Visa is in late-stage talks to acquire Fireblocks, a stablecoin custody and infrastructure provider, for approximately $2.5 billion, marking the company's first stablecoin-related acquisition. This acquisition is significant as it expands Visa's stablecoin ecosystem and demonstrates the company's interest in the stablecoin sector.
Key points
- Visa is acquiring Fireblocks, a stablecoin custody and infrastructure provider, for appro…: Visa is acquiring Fireblocks, a stablecoin custody and infrastructure provider, for approximately $2.5 billion.
- This is Visa's first stablecoin-related acquisition, expanding its stablecoin ecosystem.: This is Visa's first stablecoin-related acquisition, expanding its stablecoin ecosystem.
- The acquisition is significant as it demonstrates the company's interest in the stablecoi…: The acquisition is significant as it demonstrates the company's interest in the stablecoin sector.