Citigroup has taken an investment stake in BVNK, a stablecoin payments infrastructure provider, signaling a measured shift by major U.S. banks toward production-grade crypto rails.

BVNK, which closed a $50 million Series B in 2024 and later added Visa as an investor, reports roughly $20 billion in annualized processing volume and supports payments in 130+ countries as it scales U.S. coverage. The strategic rationale aligns with banks’ goals of 24/7 settlement, cheaper cross-border flows, and treasury modernization; Citi’s own research projects stablecoins could reach $1.9 trillion by 2030 (with supply near $282 billion in 2025), while JPMorgan has publicly positioned stablecoin infrastructure at the center of its long-term payments strategy.

Together, these signals indicate Wall Street’s pivot from pilots to implementation, favoring compliant, interoperable platforms with bank integrations and clear licensing footprints.

Expect expanded bank-stablecoin connectivity to compress cross-border fees, intensify bank–fintech partnerships, and nudge regulators toward harmonized standards across the U.S. and Europe.

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https://bvnk.com/blog/citi-ventures-backs-bvnk