Citi Backs Stablecoin Firm BVNK Despite Previously Opposing Crypto Payment Rails

Citigroup invested in stablecoin infrastructure company BVNK through Citi Ventures at a valuation exceeding $750 million, reversing its previous warnings about deposit flight risks as stablecoins processed over $5 trillion in transactions over the past 30 days. source: https://cryptonews.com/news/citi-backs-stablecoin-firm-bvnk-after-previously-opposing-crypto-payment-rails/