[Stablecoin Payment Infrastructure Velocity Completes $38 Million Series A Financing, Led by Dragonfly] Odaily Planet Daily News: Stablecoin payment infrastructure startup Velocity announced the completion of a $38 million Series A financing round, led by crypto investment firm Dragonfly, with participation from Coinbase, Capital One Ventures, and Wintermute, among others. Velocity CEO Eric Queathem did not disclose the latest valuation from this funding round. Founded in 2025, Velocity focuses on providing stablecoin payment solutions for enterprises, payment service providers, fintech companies, and financial institutions, helping them optimize cross-border payments, fund settlements, and cash management processes using USD-pegged tokens. Currently, Velocity covers the U.S., parts of Europe, and the Australian market. The company plans to use the new funds to apply for licenses, expand into African and Latin American markets, invest in building more secure asset custody infrastructure, and develop new features, including stablecoin yield products. (Fortune)