ExchangeDEX+

Buy Crypto Markets Spot FuturesGOLD Earn Event Center

The venture arm of the U.S. multinational bank Citigroup (C) made a strategic investment in stablecoin payments platform BVNK, the companies announced on Thursday.Citi Ventures joins Visa (V) in backing BVNK, after the payments giant made its own strategic investment in the company in May this year. The companies have not disclosed the size of the investment. The growth of the stablecoin sector as been one of the standout trends in the digital asset industry over the last year, helped in part by the introduction of formal regulatory regimes in major jurisdictions such as the U.S. and Hong Kong.This has provided a tailwind to investment from the biggest names in the traditional financial (TradFi) world such as Citi and Visa.BVNK processes over $20 billion in payments annually and counts Worldpay, Flywire and dLocal among its clients, according to Thursday's announcement."Stablecoins are seeing increased interest in use for settlement of on-chain and crypto asset transactions," Citi Ventures head Arvind Purushotham said.The venture arm of the U.S. multinational bank Citigroup (C) made a strategic investment in stablecoin payments platform BVNK, the companies announced on Thursday.Citi Ventures joins Visa (V) in backing BVNK, after the payments giant made its own strategic investment in the company in May this year. The companies have not disclosed the size of the investment. The growth of the stablecoin sector as been one of the standout trends in the digital asset industry over the last year, helped in part by the introduction of formal regulatory regimes in major jurisdictions such as the U.S. and Hong Kong.This has provided a tailwind to investment from the biggest names in the traditional financial (TradFi) world such as Citi and Visa.BVNK processes over $20 billion in payments annually and counts Worldpay, Flywire and dLocal among its clients, according to Thursday's announcement."Stablecoins are seeing increased interest in use for settlement of on-chain and crypto asset transactions," Citi Ventures head Arvind Purushotham said.

Citi Joins Visa in Backing Stablecoin Payments Company BVNK

2025/10/09 18:05

The venture arm of the U.S. multinational bank Citigroup (C) made a strategic investment in stablecoin payments platform BVNK, the companies announced on Thursday.

Citi Ventures joins Visa (V) in backing BVNK, after the payments giant made its own strategic investment in the company in May this year.

The companies have not disclosed the size of the investment.

The growth of the stablecoin sector as been one of the standout trends in the digital asset industry over the last year, helped in part by the introduction of formal regulatory regimes in major jurisdictions such as the U.S. and Hong Kong.

This has provided a tailwind to investment from the biggest names in the traditional financial (TradFi) world such as Citi and Visa.

BVNK processes over $20 billion in payments annually and counts Worldpay, Flywire and dLocal among its clients, according to Thursday's announcement.

"Stablecoins are seeing increased interest in use for settlement of on-chain and crypto asset transactions," Citi Ventures head Arvind Purushotham said.

Market Opportunity

Union Price(U)

$0.002447

$0.002447$0.002447

-0.85%

USD

Union (U) Live Price Chart

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.