Velocity raises over $48 million in Series A funding with backing from Visa, Circle, and Ripple

Velocity, a provider of stablecoin payment and treasury infrastructure for enterprises, has raised an additional $10 million in its Series A funding round. Following a previous $38 million investment in July, the total Series A funding has reached $48 million. Reports indicate the company's valuation has reached $200 million, with participation from investors including Visa, Circle, and Ripple.