BVNK seeks $50 million: Rising investor interest in stablecoins

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by Giorgi Kostiuk

2 years ago

BVNK has initiated private talks with investors to raise $50 million, reflecting increasing interest in stablecoins and recent market events.

BVNK enters $50 million funding round

The crypto startup BVNK is negotiating with investors to complete a new funding round, aiming to raise $50 million. The company has not made an official statement, but insider sources tell Bloomberg that the talks are ongoing and confidential, with potential changes in company size and valuation during negotiations. This news follows Stripe's announcement of acquiring the stablecoin startup Bridge for $1.1 billion.

Institutional interest in stablecoins

Stablecoins are attracting attention from major financial institutions worldwide. Jesse Pollak, head of Base and Coinbase Wallet at the Coinbase crypto exchange, announced that the Utopia Labs team will join Base to accelerate plans for the Coinbase Wallet.

Visa unveils tokenized asset platform

Visa recently launched the Visa Tokenized Asset Platform (VTAP) for banking institutions, enabling the issuance of tokens backed by fiat currencies. The platform leverages blockchain and smart contract technology to facilitate stablecoin transactions.

The development and adoption of stablecoins continue to grow, attracting attention from both investors and major financial institutions, increasing interest in stable crypto assets.

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