Stablecoin Payment Firm Velocity Expands Series A Funding to $48 Million

London-based stablecoin payment infrastructure provider Velocity has raised an additional $10 million in an extension of its Series A round, bringing the total to $48 million at a $200 million post-money valuation. Investors include Visa Ventures, Circle Ventures, Haun Ventures, Ripple, Translink Capital, and Mirana Ventures. The company provides backend systems for banks and payment firms to manage stablecoin settlements and liquidity.