Stablecoin treasury and setttlement platform Velocity raises $38 million

Velocity's $38 million funding round signals a major shift in how businesses might soon handle everyday payments and financing settlements. The platform focuses on stablecoins—digital currencies pegged to the dollar—to make money movement instant and 24/7. For retailers, this technology could eventually replace the traditional multi-day wait to receive funds from a customer’s financing purchase. Instead of waiting for bank clearing cycles, merchants could see settlements happen in real-time. The involvement of mainstream investors like Capital One Ventures and QED Investors suggests that stablecoins are moving out of the crypto niche and into mainstream merchant services. For operators, this means the 'pipes' behind your financing programs are being rebuilt. The goal is to eliminate the friction and high fees associated with cross-border payments and slow-moving legacy bank transfers. While you don't need to change your checkout process today, this investment accelerates a future where your 'cash in hand' from financed sales happens the moment the customer clicks 'apply.' This infrastructure will likely become the backbone for next-generation BNPL and lease-to-own programs that offer lower merchant discount rates because their own capital costs are lower.

Source: Finextra

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