Crypto Infrastructure
Coinbase said it is collaborating with leading U.S. banks on stablecoin projects and pilot crypto services, with CEO Brian Armstrong noting banks are "leaning into this as an opportunity." The move reflects a growing, if cautious, Wall Street interest in crypto infrastructure.
Visa has partnered with crypto infrastructure provider Aquanow to expand stablecoin settlement across the CEMEA region, aiming to cut cross-border costs and reduce operational friction. The move signals further mainstreaming of on-chain payment rails for regional transactions.
Galaxy recently announced efforts to reinforce its balance sheet, aiming to efficiently expand its data center operations while preserving financial flexibility. This strategic move positions Galaxy for sustainable growth in the crypto infrastructure space.
Citi Ventures has invested in BVNK to help scale its stablecoin infrastructure, marking a significant step in institutional adoption amidst growing regulatory clarity. BVNK processes over $20 billion annually and is poised to lead in the multi-trillion-dollar stablecoin payments market.