As stablecoin use surges globally, traditional finance is rushing to keep pace. Many businesses, though, are still getting up to speed on how to integrate dollar-pegged tokens into customer payments, and London-based startup Velocity—which on Tuesday announced a $38 million Series A funding round—is one of the firms helping them to do so.
“These are companies that do not understand that they can be using stablecoins to solve their problems. Those are the people we are going for,” said Rob Hadick, a general partner at the venture capital firm Dragonfly, which has carved out a niche in backing firms that facilitate fiat-to-bridge transactions.
