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

According to Bloomberg, insiders revealed that stablecoin startup BVNK, backed by Tiger Global Management LLC, is in talks with potential supporters aiming to raise at least $50 million. In the early stages of negotiations, the scale of financing and BVNK's valuation may change.

Previously in October, fintech giant Stripe announced its acquisition of stablecoin startup Bridge for $1 billion, sparking interest in the industry. Insiders said investors have shown strong interest in BVNK's financing and stablecoin payment startups overall.