Visa and Circle Back Stablecoin Payments Platform Velocity

Stablecoin payments and treasury platform Velocity has raised $10 million in new funding. The financing will support Velocity’s work to provide stablecoin infrastructure to issuers, acquirers, payment providers, financial institutions and merchants, the company said in a news release Tuesday (Sept. The extension of the company’s Series A round follows the $38 million Velocity raised in July.