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The maturation of the stablecoin assemblage arsenic been 1 of the standout trends successful the integer plus manufacture implicit the past year.
Updated Oct 9, 2025, 10:05 a.m. Published Oct 9, 2025, 10:05 a.m.
The task limb of the U.S. multinational slope Citigroup (C) made a strategical concern successful stablecoin payments level BVNK, the companies announced connected Thursday.
Citi Ventures joins Visa (V) successful backing BVNK, aft the payments elephantine made its ain strategic concern successful the institution successful May this year.
The companies person not disclosed the size of the investment.
The maturation of the stablecoin assemblage arsenic been 1 of the standout trends successful the integer plus manufacture implicit the past year, helped successful portion by the instauration of ceremonial regulatory regimes successful large jurisdictions specified arsenic the U.S. and Hong Kong.
This has provided a tailwind to concern from the biggest names successful the accepted fiscal (TradFi) satellite specified arsenic Citi and Visa.
BVNK processes implicit $20 cardinal successful payments annually and counts Worldpay, Flywire and dLocal among its clients, according to Thursday's announcement.
"Stablecoins are seeing accrued involvement successful usage for colony of on-chain and crypto plus transactions," Citi Ventures caput Arvind Purushotham said.
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QumulusAI Secures $500M Blockchain-Backed Facility to Scale AI Compute Infrastructure
The non-recourse installation allows QumulusAI to get stablecoins against up to 70% of its approved GPU deployments.
What to know:
- QumulusAI, a unreality infrastructure company, has secured a $500 cardinal recognition installation to money its increasing fleet of GPUs, arranged by Permian Labs and distributed via USD.AI.
- The non-recourse installation allows QumulusAI to get stablecoins against up to 70% of its approved GPU deployments, providing faster entree to superior than accepted recognition routes.
- The backing comes arsenic request for computing powerfulness surges, but superior for smaller operators remains tight, and volition assistance QumulusAI standard its AI compute capabilities.
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