BVNK, Tiger Global’s Stablecoin Payment Company, Raises $50M

BVNK, a stablecoin payment company backed by Tiger Global, is reportedly in early-stage fundraising talks with potential investors, according to BlockBeats news. The company aims to raise at least $50 million in this round of financing, although the valuation and exact amount may change during negotiations.

This news comes after payment giant Stripe acquired key targets in the stablecoin payment industry, indicating that venture capital firms remain optimistic about the stablecoin payment sector.

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