Wu said that according to Bloomberg, BVNK, a stablecoin payment company invested by Tiger Global, is in preliminary financing negotiations with potential investors and plans to raise at least US$50 million. The scale of financing and BVNK’s valuation may change. BVNK’s financing plan follows Stripe’s acquisition of Bridge, showing that venture capital institutions are optimistic about the stablecoin payment track. Earlier in October, payment company Stripe announced the acquisition of stablecoin platform Bridge for US$1.1 billion.