Key Notes

Citi invests in stablecoin payments infrastructure firm, BVNK.

The deal reflects growing US bank interest in stablecoins following clearer regulations.

BVNK’s valuation has surpassed $750 million from its last funding round.

Citi, the third-largest bank in the United States, has made a strategic investment in BVNK, a London-based stablecoin infrastructure firm backed by Coinbase and Tiger Global. The move comes amid clearer regulations and rising demand for stablecoins among US banks.

BVNK operates a payments platform that enables global transactions using stablecoins, allowing easy conversion between fiat and crypto. In a recent interview with CNBC, co-founder Chris Harmse said that the startup has seen strong growth in the US over the past year.

BVNK has declined to d

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