London-based stablecoin payment infrastructure startup Velocity has announced the completion of a $38 million Series A funding round, led by crypto investment firm Dragonfly, with participation from Coinbase, Capital One Ventures, and Wintermute. Velocity CEO Eric Queathem did not disclose the valuation of the latest funding. Founded in 2025, Velocity focuses on providing stablecoin payment solutions for enterprises, payment service providers, fintech companies, and financial institutions, helping them optimize cross-border payments, fund settlement, and treasury management processes using dollar-pegged tokens.
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Stablecoin Company Velocity Raises $38M in Series A Led by Dragonfly
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