Velocity Raises $38 Million as Stablecoins Reshape Mainstream Business Finance

Velocity raised $38 million in a Series A funding round to expand its stablecoin payments and treasury platform designed for global enterprises, according to a Tuesday (July 14) press release . The company’s platform enables enterprises to retain their core treasury operations while accessing the benefits of stablecoins, including the reduction of settlement times, the elimination of prefunding requirements and the ability to move capital more efficiently across borders, the release said.