Citigroup invested in stablecoin infrastructure company BVNK through Citi Ventures at a valuation exceeding $750 million, reversing its previous warnings about deposit flight risks as stablecoins processed over $5 trillion in transactions over the past 30 days.Citigroup invested in stablecoin infrastructure company BVNK through Citi Ventures at a valuation exceeding $750 million, reversing its previous warnings about deposit flight risks as stablecoins processed over $5 trillion in transactions over the past 30 days.
Citi Backs Stablecoin Firm BVNK Despite Previously Opposing Crypto Payment Rails
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Citigroup invested in stablecoin infrastructure company BVNK through Citi Ventures at a valuation exceeding $750 million, reversing its previous warnings about deposit flight risks as stablecoins processed over $5 trillion in transactions over the past 30 days.
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