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Stablecoin infrastructure company BVNK receives investment from Citi Ventures.
According to Hash World News, Citi Ventures has invested in the stablecoin infrastructure startup BVNK, although the specific amount has not been disclosed. BVNK provides a stablecoin payment track that supports two-way settlement between fiat and crypto assets. Co-founder Chris Harms stated that the company's valuation is higher than the previously disclosed $750 million in the last funding round. Its growth in the U.S. market is the fastest, driven by the U.S. stablecoin regulatory bill GENIUS Act. Citi is evaluating the issuance of its own stablecoin and expanding crypto custody. In the past 12 months, the trading volume of stablecoins has approached $9 trillion, with a total market capitalization exceeding $300 billion. BVNK has also received support from Coinbase and Tiger Global.
#Coinbase CitiVentures #Stablecoins CryptoFunding #BVNK