Stablecoin startup BVNK is seeking to raise at least $50 million in a new round of funding

According to Bloomberg, insiders have revealed that BVNK, a stablecoin startup supported by Tiger Global Management LLC, is in talks with potential supporters with the goal of raising at least $50 million in funding. In the early stages of negotiations, the financing scale and BVNK valuation may change. Previously, fintech giant Stripe announced in October that it would acquire stablecoin startup Bridge for $1.1 billion, sparking interest in the industry. According to informed sources, investors have shown strong interest in BVNK financing and stablecoin payment startups overall.