Citi Invests in Stablecoin Startup BVNK as Banks Expand Crypto Footprint

Citi has taken a step deeper into the crypto world by investing in BVNK, a startup building infrastructure for stablecoins. Stablecoins are digital currencies tied to traditional money and backed by real assets like bonds, with USDC and Tether (USDT) being the most well-known. BVNK’s technology acts like a global payments rail, making it easy for users to move money between fiat and cryptocurrency seamlessly. The partnership can aid individuals and businesses who can convert cash into stablecoins, and back again, quickly and securely. Citi’s investment shows how big banks are increasingly exploring ways to integrate digital assets into their services. As more financial institutions embrace stablecoins, tools like BVNK could become essential for bridging traditional finance with the fast-growing world of crypto.