Stablecoin startup Velocity raises $38M Series A led by Dragonfly and FirstMark

Stablecoin startup Velocity has raised $38 million in a Series A round led by Dragonfly and FirstMark, with backing from Coinbase and Ripple. The company lets corporate users transact in stablecoins while staying connected to traditional banking rails and compliance systems. The raise aims to accelerate the integration of stablecoins into mainstream corporate finance.