Citigroup invested in stablecoin infrastructure company BVNK through its venture capital arm Citi Ventures, which is a sharp reversal from the bank’s previous warnings about deposit flight risks from yield-bearing stablecoins. BVNK’s core technology operates as a payments rail facilitating global stablecoin transactions, allowing customers to move money between fiat and cryptocurrency. US Regulatory Clarity Drives Stablecoin Infrastructure Growth According to CNBC, the company declined to disclose Citi’ ...