PANews reported on May 7 that according to Forbes, Visa invested in the stablecoin payment infrastructure platform BVNK through its venture capital arm Visa Ventures. This is the first time Visa has directly invested in a startup in this field, and is seen as a strong validation of the potential of stablecoins as a global payment infrastructure. BVNK currently processes $12 billion in annual volume, and its clients include Deel, dLocal and other companies.

As reported last year, stablecoin infrastructure company BVNK completed a $50 million Series B financing round led by Haun Ventures .