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Citi backs stablecoin firm BVNK as Wall Street warms to crypto
Citi has invested in stablecoin infrastructure company BVNK, the startup told CNBC on Thursday, as big U.S. banks ramp up their presence in the cryptocurrency and digital asset space. Stablecoins are a type of digital asset pegged to a fiat currency and backed by real-world assets like bonds. The two biggest are USDC and Tether, which issues USDT. BVNK’s core technology is effectively a payments rail to facilitate transactions in stablecoins globally, allowing customers to move money from fiat into the cryptocurrency and back. The company declined to disclose the sum that Citi invested or its current valuation. But ... (full story)
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On today's episode of CNBC Crypto World, bitcoin falls as the S&P 500 and Nasdaq retreat from record highs. Plus, Citi has invested in stablecoin infrastructure company BVNK as big U.S. banks ramp up their presence in the crypto space. And, Zack Skelly, head of talent at Dragonfly, explains the findings of the digital asset venture capital firm's new crypto ...
From moneycheck.com | Oct 8, 2025
The fight over the future of stablecoin yields in the U.S. has intensified, with more than 250,000 letters sent to U.S. senators. The letters, organized by the pro-crypto group Stand With Crypto, are a direct response to lobbying efforts by Wall Street banks. The letters urge lawmakers to maintain the current language of the Guiding and Establishing ...
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