[Citi Invests in Stablecoin Infrastructure Company BVNK] On October 9, according to CNBC, Citi Bank, through its venture capital arm Citi Ventures, invested in stablecoin infrastructure company BVNK, with the specific amount undisclosed. BVNK focuses on providing global stablecoin transaction payment channels, supporting rapid conversion between fiat currencies and cryptocurrencies. In June this year, Citi's CEO stated that the company was considering issuing stablecoins and offering crypto asset custody services.