MVB Partners With Velocity for Visa Direct Stablecoin Settlement Pilot

MVB Financial has partnered with Velocity to join a Visa Direct pilot supporting stablecoin-enabled funding and settlement for push-to-card payouts, Velocity said in a Wednesday (Sept. MVB, which is a banking partner to FinTechs and innovation-driven companies, and Velocity, which offers a stablecoin-powered enterprise payments and treasury platform, aim to support financial institutions that want to use stablecoin rails under existing banking and payments infrastructure to mo