Velocity raises $38M to move business money with stablecoins

London-based fintech company Velocity has secured $38 million in a Series A funding round to develop infrastructure that enables businesses to move money using stablecoins, which are dollar-pegged digital tokens. The platform integrates stablecoin transactions with traditional banking systems to facilitate faster settlements without disrupting existing treasury operations. Velocity operates in multiple regions and faces competition from traditional banks and other fintech startups in the growing