Visa Ventures Invests in Stablecoin Platform BVNK

According to PANews, Visa has made a strategic investment in the stablecoin payment infrastructure platform BVNK through its venture capital arm, Visa Ventures. This marks Visa's first direct investment in a startup within this sector, highlighting the potential of stablecoins as a global payment infrastructure. BVNK currently processes an annual volume of $12 billion, serving clients such as Deel and dLocal. Last year, BVNK secured $50 million in a Series B funding round led by Haun Ventures, further supporting its growth and development in the stablecoin infrastructure space.