Velocity extends Series A to $48M at $200M valuation

Stablecoin payments startup Velocity has extended its Series A round to $48 million at a $200 million valuation, including a fresh $10 million from Ripple, Circle and Visa. The raise funds Velocity's push into stablecoin and tokenized-payment infrastructure that connects digital assets to existing payment rails for institutions.

• Backing from Visa, Circle and Ripple underscores demand for stablecoin-banking connectivity.
• Financial details beyond the round size and valuation were not disclosed.