Velocity, a stablecoin payments treasury platform founded by Dragonfly and FirstMark in 2025 has announced that the company has raised $38 Million worth of fund to expand the building of a stablecoin-based treasury infrastructure which will help financial institutions to use stablecoins for cross-border payments and settlements.
The Series A funding round which gained $38 Million was participated by Activant Capital, Capital One Ventures, QED Investors Coinbase Ventures, Wintermute Ventures and Ripple. Nearing almost $50 million, Velocity shows speed as it has grown since May and continues to attract global investors for its mission.
Why use Stablecoin?
First, Stablecoin is defined as a type of cryptocurrency designed to maintain a stable value by mirroring the value of traditional fiat currencies. Stablecoin is a popular cryptocurrency because its nature evades probability of price volatility, fluctuations, and price swings because the value of cryptocurrency stays the same as that of a fiat currency.
In an instance, the use of Stablecoin for cross-border transfers can be much cheaper than using overseas bank transfers and remittances which rely on SWIFT, and Wire Transfers; both of which have mid to expensive price range fees because these rely on traditional human-managed banks and not digital ledgers. These fees can be processing fees; mark-up fees, conversion fees, middleman fees, etc. can accumulate to a sound price per transaction.
With Stablecoin, there are less hidden fees per transfer, and settlement can be done instantly. Traditional banks who rely on banking hours may take a up to a day to approve transfers in real time and in addition, holidays and weekends must be considered too, but with stablecoin which is operated digitally 24/7 as a decentralized blockchain, approval for settlement can only take a moment. By being affordable and accessible, Stablecoin remains to be immensely popular and in July 2026, Forbes states that the total stablecoin supply circulating globally sits at roughly $300 billion.
Velocity’s Mission with using Stablecoins
Velocity addresses these real-time disruptions for traditional bank transfers for big commerce by adapting the usage of Stablecoins for becoming a foundational layer of global financial infrastructure for commerce. Velocity’s intention to bridge traditional banking and payment systems with stablecoin networks is recognized by its current and potential investors, who, as well, want to change how industries operate in terms of movement of money. While the big picture provides resolutions, it is good to note that Velocity is still on the process of strengthening its capability to integrate the use of Stablecoins in banking and payments network in daily operations and is strengthening regulatory compliance as well.
“Every business wants faster settlement, more efficient treasury operations, lower costs, and better control over global liquidity,” said Eric Queathem, Founder and CEO of Velocity. “The timing and technology are right for us to bring these features to market.”
