Dragonfly, FirstMark lead $38 million Series A for stablecoin startup Velocity with support from Coinbase, Ripple and more
Stablecoin startup Velocity raised a $38 million Series A funding round led by Dragonfly and FirstMark. The round received support from Coinbase, Ripple, and other backers. The article body contained no additional readable content beyond the headline.
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The round lifts Velocity's total funding to roughly $50 million, with Capital One Ventures, QED, Coinbase Ventures, and Ripple participating; new capital targets licenses in Africa and Latin America.
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