Velocity Secures $48M in Stablecoin Funding Backed by Visa and Circle for Smarter Global Payments

London-based startup Velocity has extended its Series A funding round to reach a total of 48 million dollars at a 200 million dollar valuation.

Major investors including Visa Ventures, Circle Ventures, and Ripple joined the latest 10 million dollar extension announced recently.

The company focuses on building infrastructure that lets businesses use stablecoins for faster settlement and treasury management.

Stablecoin Integration Transforms Traditional Finance

Velocity's platform connects stablecoins to existing payment networks without forcing companies to overhaul their current systems.

CEO Eric Queathem brings experience from Worldpay to address long-standing issues in global money movement like slow reconciliations.

This approach highlights a shift where stablecoins become invisible tools embedded in everyday banking operations.

A recent pilot with MVB Financial and Visa Direct shows practical use for push-to-card payouts using stablecoin liquidity.

Broader Impact on Businesses and Consumers

Industry observers note that such infrastructure could lower costs and speed up cross-border transactions for merchants and financial institutions alike.

By partnering with established players like Visa, Velocity helps bridge blockchain innovation with regulated finance networks.

In the future this may enable more efficient liquidity management for companies operating internationally.

Everyday people could benefit indirectly through quicker refunds, cheaper remittances, and improved access to global commerce services.