Citigroup Bets Big on Stablecoins-Wall Street’s Crypto Obsession is Real

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Guess what? Citigroup’s venture arm (yes, that *Citi*-the same one that deals with your student loan) has thrown some cash at BVNK, a London-based company creating payment systems for stablecoins. Why? Because *everyone’s* jumping on the blockchain bandwagon, apparently.

BVNK’s not sharing how much Citi invested (you know, mystery is hot right now), but Chris Harmse, co-founder of BVNK, did spill the tea to CNBC. Apparently, the company’s worth more than $750 million now-yep, that’s a decent chunk of change. And it’s already got some heavyweight investors like Coinbase and Tiger Global in its corner.

Harmse had some bold words for CNBC: “Stablecoin infrastructure is exploding,” he said. I’m guessing that’s crypto-speak for “we’re basically printing money over here.”

Oh, and fun fact-BVNK is growing like a weed in the US. The last 18 months? *Fastest growing market* alert. Thanks to the GENIUS Act (yes, that’s the actual name of the bill-how cute), there’s now some regulatory clarity, which has made everyone feel a bit more confident about all things crypto.

Wall Street Banks Bet Big on Stablecoins. Surprise! 🚀

So, what’s the deal with Wall Street and stablecoins? Well, turns out, big banks like Citi are diving headfirst into blockchain-based finance, all while stablecoins are becoming a *big* deal in global payments. Who knew?

“US banks at the scale of Citi,” said Harmse, “are investing in leading businesses to make sure they’re not left behind in this technological shift.” Because, you know, being left behind in tech is *so 2010s*.

Citi’s apparently feeling pretty *ambitious* when it comes to digital assets this year. Back in July, CEO Jane Fraser casually mentioned that Citi might *consider* launching their own stablecoin and offer crypto custody services. Because why not, right?

Oh, and in case you were wondering, Citi’s big on stablecoins. In September, they raised their stablecoin market forecast, predicting that the sector could hit $4 trillion by 2030. Seriously. A *trillion*. That’s a lot of zeroes. Their “bull case” was even higher-$4 trillion, because why not aim for the stars?

By the way, in May, Visa also invested in BVNK (we’re sensing a trend here) through Visa Ventures. And just last year, BVNK secured $50 million in Series B funding, thanks to Haun Ventures. So yeah, people are *very* excited about stablecoins.

CryptoMoon reached out to Citi for a comment. But, surprise, surprise-no reply yet. Classic banking move.

Bank of England Might Just Let You Hold More Stablecoins

Now, let’s talk about the Bank of England. They’re rethinking those pesky limits on stablecoin holdings, after crypto industry folks threw a massive tantrum about them. Apparently, the UK doesn’t want to be outdone by the US-who knew!

So, originally, the BoE proposed that individuals could only hold 20,000 pounds (about $27,000) in stablecoins. Companies? Just 10 million pounds. But now, they’re considering exempting crypto firms from these limits. I mean, it’s a little less exciting than a Kardashian drama, but it’s still a plot twist.

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2025-10-09 11:35