Citigroup Invests in BVNK, Embracing Stablecoins as Wall Street Shifts

Citigroup has made a significant investment in BVNK, a London-based stablecoin infrastructure company valued over $750 million. This move aligns with the growing interest in stablecoin technology among traditional financial institutions. The investment reflects a shift towards digital payment solutions on Wall Street as regulatory clarity and user adoption of blockchain technologies continue to rise. The US GENIUS Act has boosted institutional confidence in stablecoins, driving BVNK’s expansion into the US market. 8 Citigroup is following other major players like Visa who have also invested in BVNK, acknowledging its rising potential within the stablecoin ecosystem.