Founder sources I’ve spoken to seem to agree: There’s never been a better time to be selling a stablecoin startup.

I learned this the hard way last week. After noticing the relative dearth of recent crypto acquisitions, I was planning a bratty column titled: “Is the crypto M&A season in the room with us right now?” 

Then Fortune blew up my spot when it broke the news that Coinbase and Mastercard are offering between $1.5-2.5 billion to acquire stablecoin infrastructure firm BVNK. Coinbase appears to currently have the inside track to win the bidding war, Fortune reported.

Stripe paid $1.1 billion for stablecoin infrastructure shop Bridge last year, and BVNK could get…

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