Stablecoin settlement platform Velocity announced the completion of a $38 million Series A funding round, co-led by Dragonfly and FirstMark, with participating investors including Activant Capital, Capital One Ventures, QED Investors, Coinbase Ventures, Wintermute Ventures, and Ripple. Velocity was founded in 2025 and is committed to helping enterprises, payment providers, and financial institutions hold, transfer, and settle funds using stablecoins while retaining traditional bank integration and compliance systems. Since its launch last year, Velocity’s total funding raised has already come close to $50 million. (TheBlock)

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