Major US bank Capital One has struck a $5.15 billion deal to buy the fintech Brex and is set to acquire the company’s stablecoin payments solution. Capital One said on Thursday that the deal is a combination of stock and cash transaction and is expected to close in mid-2026.
The deal is one of the largest fintech acquisitions in recent years and is set to fold the stablecoin-friendly startup into one of the largest financial institutions in the US, as traditional finance is seeking ways to break into crypto.
Stablecoins have become a hot topic in TradFi circles since Congress passed key regulations for the tokens last year.
The stablecoin market capitalization has increased by 18.6% to a record $314 billion since the passage of the GENIUS Act in July 2025, according to CoinGecko.
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