Stablecoin Payments Startup Velocity Raises $38M Series A Led by Dragonfly

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According to Fortune magazine, stablecoin payments startup Velocity, founded in 2025, completed a $38 million Series A funding round, led by crypto investment firm Dragonfly. Coinbase, Capital One Ventures, and Wintermute also participated in the round. Velocity provides stablecoin payment solutions for enterprises, payment service providers, fintech companies, and financial institutions, enabling them to optimize cross-border payments and fund settlements using dollar-pegged tokens. The company currently operates in the U.S., parts of Europe, and Australia, with plans to expand to Africa and Latin America.
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