Visa is reportedly in late-stage talks to acquire Fireblocks, a crypto custody and stablecoin infrastructure firm, for approximately $2.5 billion, according to an Axios report on Thursday citing multiple sources. Fireblocks was last publicly valued at $8 billion in January 2022. If completed, the proposed transaction would be one of the largest acquisitions in the crypto industry's history. Visa has been actively expanding its stablecoin business, with its stablecoin settlement volume surpassing a $20 billion annualized run rate.